Top Stories

Tatts rebukes Macquarie-led takeover offer - The Australian;

Tatts rebukes Macquarie-led takeover offer - The Australian

The AustralianTatts rebukes Macquarie-led takeover offerThe AustralianA Macquarie Group-led consortium is reconsidering its bid for Tatts Group after the target issued a detailed critique and appeared to lower expectations for its first half earnings. Tatts said the offer from the Pacific Consortium valuing Tatts at ...and more »

Shock profit warning as Tatts sends suitor packing - Herald Sun;

Shock profit warning as Tatts sends suitor packing - Herald Sun

Herald SunShock profit warning as Tatts sends suitor packingHerald SunTATTS has warned in a surprise trading update that earnings in its cornerstone business are falling and debt has blown out, triggering a slide in its share price. The gaming group yesterday disclosed the information deep in a statement rejecting the ...and more »

Tatts of Australia Rejects Bid from KKR-Linked Group - New York Times;

Tatts of Australia Rejects Bid from KKR-Linked Group - New York Times

New York TimesTatts of Australia Rejects Bid from KKR-Linked GroupNew York TimesLottery tickets for sale in Sydney, Australia. Tatts operates a lucrative lottery business as well as betting on horse racing and sports matches. Credit Ian Waldie/Bloomberg. HONG KONG — An Australian gambling company has rejected a bid worth as much ...and more »

Consortium's bid to buy betting firm Tatts goes bust - MarketWatch;

Consortium's bid to buy betting firm Tatts goes bust - MarketWatch

MarketWatchConsortium's bid to buy betting firm Tatts goes bustMarketWatchMELBOURNE, Australia — Tatts Group Ltd. rejected a takeover offer from a group of investors that includes private-equity firm KKR & Co. and Australian bank Macquarie Group Ltd., and said it continues to back a planned merger with rival Tabcorp ...and more »

Tatts rejects rival bid to Tabcorp merger - NEWS.com.au

Tatts rejects rival bid to Tabcorp mergerNEWS.com.auSpurned Tatts suitor Pacific Consortium is reviewing its position after lotteries and wagering firm Tatts Group rejected its takeover proposal, deeming it inferior to a merger with Tabcorp. Tatts has also warned that half year earnings from its ...and more »

Tatts group rejects $11 billion merger deal - Sky News Australia;

Tatts group rejects $11 billion merger deal - Sky News Australia

Sky News AustraliaTatts group rejects $11 billion merger dealSky News AustraliaLotteries and wagering firm Tatts Group has rejected a takeover bid from the Macquarie Bank-led Pacific Consortium and still favours a proposed $11 billion merger with Tabcorp. The Tatts board said on Friday that it has assessed the Pacific Consortium ...and more »

Markets Live: Santa's last chance - The Sydney Morning Herald;

Markets Live: Santa's last chance - The Sydney Morning Herald

The Sydney Morning HeraldMarkets Live: Santa's last chanceThe Sydney Morning HeraldLate profit-taking in the miners has pushed shares lower in a shortened pre-Christmas session, as Tatts rejects a competing offer from a Macquarie-led consortium. Sort posts by. Newest, Oldest. 2:26pm on 23 Dec 2016. And that's it for Markets Live for ...and more »

Tatts Group to reject Macquarie consortium's bid - The Australian Financial Review;

Tatts Group to reject Macquarie consortium's bid - The Australian Financial Review

The Australian Financial ReviewTatts Group to reject Macquarie consortium's bidThe Australian Financial ReviewThe right to run iconic lotteries such as Powerball lies at the heart of the fight for Tabcorp. Jim Rice. by; James Thomson · Carrie LaFrenz. The consortium of financial heavyweights that lodged a $8 billion bid for lotteries and wagering giant Tatts ...and more »

Stocks to watch - The Mercury

Stocks to watchThe MercuryGrooming products retailer Shaver Shop has forecast that sales for the six month to December 31 will be lower than previously anticipated and below its prospectus forecast. TAH - TABCORP - up one cent, or 0.2 per cent, at $4.76. TTS - TATTS GROUP ...and more »

Tatts rejects rival bid to Tabcorp merger - The Australian

Tatts rejects rival bid to Tabcorp mergerThe AustralianSpurned Tatts suitor Pacific Consortium is reviewing its position after lotteries and wagering firm Tatts Group rejected its takeover proposal, deeming it inferior to a merger with Tabcorp. Tatts has also warned that half year earnings from its ...and more »

Tatts Rejects Pacific Consortium Offer in Favor of Tabcorp - Bloomberg;

Tatts Rejects Pacific Consortium Offer in Favor of Tabcorp - Bloomberg

BloombergTatts Rejects Pacific Consortium Offer in Favor of TabcorpBloombergTatts Group Ltd. rejected an offer of as much as A$7.3 billion ($5.3 billion) for its Australian betting and lotteries business from a consortium including Morgan Stanley and KKR & Co., saying it wasn't superior to an earlier agreement with Tabcorp ...and more »

Tatts Rejects Pacific Consortium Offer, Favors Tabcorp Deal - Nasdaq

Tatts Rejects Pacific Consortium Offer, Favors Tabcorp DealNasdaqMELBOURNE, Australia--Tatts Group Ltd. (TTS.AU) won't open its books to a rival takeover bid from a group of investors that includes private-equity firm KKR & Co. ( KKR ) and Australian bank Macquarie Group Ltd. (MQG.AU). The wagering and lotteries ...and more »

Australian Betting Firm Tatts Rejects Buyout Offer From Consortium - Wall Street Journal;

Australian Betting Firm Tatts Rejects Buyout Offer From Consortium - Wall Street Journal

Wall Street JournalAustralian Betting Firm Tatts Rejects Buyout Offer From ConsortiumWall Street JournalMELBOURNE, Australia— Tatts Group Ltd. rejected a takeover offer from a group of investors that includes private-equity firm KKR & Co. and Australian bank Macquarie Group Ltd., and said it continues to back a planned merger with rival Tabcorp Holdings ...and more »

The Tatts Group Limited share price is falling as it rejects Macquarie Group Ltd - Motley Fool Australia

The Tatts Group Limited share price is falling as it rejects Macquarie Group LtdMotley Fool AustraliaIn morning trade one of the worst-performing shares has been lottery operator Tatts Group Limited (ASX: TTS) which sank lower by over 4% to $4.35. That decline came after the company announced that its board had determined that the Pacific Consortium's ...and more »

Tatts Rejects Pacific Consortium Bid - Bloomberg;

Tatts Rejects Pacific Consortium Bid - Bloomberg

BloombergTatts Rejects Pacific Consortium BidBloombergAustralia's betting drama has turned another page with Tatts rejecting a bid from a consortium led by KKR and Morgan Stanley for its betting and lottery's business. Tatts says the offer isn't superior to an earlier agreement with Tabcorp. Bloomberg's ...and more »

Tatts says no to Pacific Consortium bid - Courier Mail;

Tatts says no to Pacific Consortium bid - Courier Mail

Courier MailTatts says no to Pacific Consortium bidCourier MailLotteries and wagering firm Tatts Group has rejected a takeover proposal from the Macquarie Bank-led Pacific Consortium and has maintained its support for Tabcorp's proposal for an $11 billion merger. The Tatts board said on Friday that it has assessed ...and more »

Australia's Tatts rejects KKR-backed bid in favor of Tabcorp's - Reuters

Australia's Tatts rejects KKR-backed bid in favor of Tabcorp'sReutersSYDNEY Australia's Tatts Group (TTS.AX) on Friday rejected a takeover bid worth up to A$7.3 billion ($5.27 billion) from a consortium backed by KKR (KKR.N) and Macquarie Group (MQG.AX), saying it preferred an earlier offer from Tabcorp Holdings Ltd ...and more »

Australia's Tatts spurns $5.5bn Macquarie-led bid - Financial Times;

Australia's Tatts spurns $5.5bn Macquarie-led bid - Financial Times

Financial TimesAustralia's Tatts spurns $5.5bn Macquarie-led bidFinancial TimesAustralian gambling company Tatts Group has rejected an offer worth up to A$7.3bn ($5.5bn) from a Macquarie-led consortium of investors, opting instead to proceed with a proposed merger with rival Tabcorp.and more »

Pacific Consortium may have plan B for Tatts takeover - The Australian;

Pacific Consortium may have plan B for Tatts takeover - The Australian

The AustralianPacific Consortium may have plan B for Tatts takeoverThe AustralianThe Macquarie-led Pacific Consortium's opportunistic attempt to spoil the proposed merger of Tatts group and Tabcorp has failed to get through the starting gates, which isn't surprising. Tatts, having spent a little over a week evaluating the ...and more »

Tatts Knocks Back Macquarie Bid - Barron's (blog)

Tatts Knocks Back Macquarie BidBarron's (blog)Australian lotteries and wagering giant Tatts Group (TTS. AU) is to reject a rival takeover bid from a Macquarie-led consortium in favor of a merger with peer Tabcorp Holdings (TAH. AU). Macquarie's Pacific Consortium – whose backers include private ...and more »