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Australia's Tabcorp to stick with investor meeting date for Tatts merger
September 20, 2017 / 11:59 PM / 2 months ago

Australia's Tabcorp to stick with investor meeting date for Tatts merger

(Reuters) - Betting Firm Tabcorp Holdings (TAH.AX) said on Thursday it expected to stick to its October 18 date for a shareholder meeting to vote on its acquisition of lottery business Tatts Group (TTS.AX), despite a court decision blocking the deal.

FILE PHOTO: The logo for Australian gambling company Tabcorp Holdings Ltd (TAB) is displayed outside a TAB branch in central Sydney, Australia, October 18, 2016. REUTERS/David Gray/File Photo

The A$6.15 billion ($4.93 billion) deal was cleared in June by the Australian Competition Tribunal but the antitrust regulator appealed the decision and won on Wednesday.

The deal announced a year ago now faces further delays.

($1 = 1.2469 Australian dollars)

Reporting by Rushil Dutta in Bengaluru; Editing by Byron Kaye and Stephen Coates

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