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The bidding war for Tatts is really getting started - Cessnock Advertiser

The bidding war for Tatts is really getting startedCessnock AdvertiserLogic says that in a bidding war the price of the target is meant to go up. So the shareholders in wagering and lotteries giant Tatts must be wondering why with two corporate predators the opposite is happening. See your ad here ...and more »

Tabcorp preferred bidder for Tatts: 'backs racing' - The Australian;

Tabcorp preferred bidder for Tatts: 'backs racing' - The Australian

The AustralianTabcorp preferred bidder for Tatts: 'backs racing'The AustralianAustralian racing leaders are backing Tabcorp's bid for Tatts Group ahead of the Pacific Consortium's new offer because of the likely benefits that would flow to the national industry from a tie-up of the two wagering groups. The Tatts board yesterday ...and more »

Pacific's gearing level big hurdle in Tatts bid - The Australian;

Pacific's gearing level big hurdle in Tatts bid - The Australian

The AustralianPacific's gearing level big hurdle in Tatts bidThe AustralianThe Tatts takeover tussle is heating up, with the gaming group's share price indicating the new Pacific Consortium bid will not be the offer that snares control of the company. Tatts closed yesterday at $4.36, well above the $4.21 offer price put to ...and more »

Pacific Consortium Renews Takeover Bid for Tatts Group - Casino News Daily;

Pacific Consortium Renews Takeover Bid for Tatts Group - Casino News Daily

Casino News DailyPacific Consortium Renews Takeover Bid for Tatts GroupCasino News DailyThe Pacific Consortium group led by the private equity firm KKR & Co revealed that it has revised its takeover offer for the largest lottery operator that currently exists in Australia. According to the announcement, the updated all-cash acquisition ...and more »

Tatts urged to open books for Pacific despite Tabcorp - The Australian;

Tatts urged to open books for Pacific despite Tabcorp - The Australian

The AustralianTatts urged to open books for Pacific despite TabcorpThe AustralianTatts Group is facing calls from shareholders to open its books to a private equity consortium that returned after a four-month hiatus with a $7.2 billion all-cash offer that investors hope will kick off a bidding war for the lotteries and wagering ...and more »

Odds of Tatts break-up shorten thanks to KKR and friends - The Australian Financial Review;

Odds of Tatts break-up shorten thanks to KKR and friends - The Australian Financial Review

The Australian Financial ReviewOdds of Tatts break-up shorten thanks to KKR and friendsThe Australian Financial ReviewTatts Group is facing a break-up if key shareholders get their way. Erin Jonasson. Tony Boyd. Share on twitter. by Tony Boyd. The break-up scenario that has loomed over the Tatts Group ever since it was put in play six months ago is increasingly likely ...and more »

Tabcorp 'best bet' for Tatts - Herald Sun;

Tabcorp 'best bet' for Tatts - Herald Sun

Herald SunTabcorp 'best bet' for TattsHerald SunTAKEOVER target Tatts has told shareholders its $11.3 billion mega-merger with Tabcorp remains the best bet as a gripping tussle for the lottery operator resumes. Pacific Consortium, backed by US private equity titan Kohlberg Kravis Roberts, has upped ...and more »

Terry McCrann on Tatts merger: Macquarie and KKR no match for Tabcorp - Herald Sun;

Terry McCrann on Tatts merger: Macquarie and KKR no match for Tabcorp - Herald Sun

Herald SunTerry McCrann on Tatts merger: Macquarie and KKR no match for TabcorpHerald SunTHE very conditional possible offer that Macquarie and KKR have lobbed into the Tatts inbox is more a desperate play than a shrewd move to force Tatts to let them through the gates. It is not, as enthusiastic investor Gabriel Radzyminski of Sandon ...and more »

Pacific Consortium revises bid for Tatts Group - iGaming Business;

Pacific Consortium revises bid for Tatts Group - iGaming Business

iGaming BusinessPacific Consortium revises bid for Tatts GroupiGaming BusinessA group backed by private equity firm KKR & Co has today (Wednesday) made a revised, all-cash offer of A$6.15 billion (US$4.65 billion) for Australia's Tatts Group. According to the Reuters news agency, the KKR-backed Pacific Consortium has put forward ...and more »

Deals of the day-Mergers and acquisitions - Reuters UK

Deals of the day-Mergers and acquisitionsReuters UK... ** A group backed by private equity firm KKR & Co said it had made a revised A$6.15 billion ($4.65 billion) offer for Australia's biggest lottery operator Tatts Group Ltd, upping the ante in a bidding war against Tabcorp Holdings Ltd. ** Chevron ...and more »

Bidding war for Tatts fires up - Courier Mail;

Bidding war for Tatts fires up - Courier Mail

Courier MailBidding war for Tatts fires upCourier MailA BIDDING war for Brisbane-based Tatts Group is set to escalate after an investment consortium raised its previous offer for the wagering and lotteries group. Pacific Consortium, which includes private equity firm Kohlberg Kravis Roberts & Co and ...and more »

Pacific Consortium tables AUS$7.3bn all-cash bid for Tatts group - Gambling Insider - In-depth Analysis for the Gaming Industry;

Pacific Consortium tables AUS$7.3bn all-cash bid for Tatts group - Gambling Insider - In-depth Analysis for the Gaming Industry

Gambling Insider - In-depth Analysis for the Gaming IndustryPacific Consortium tables AUS$7.3bn all-cash bid for Tatts groupGambling Insider - In-depth Analysis for the Gaming IndustryPacific Consortium have today submitted a record AUS$7.3bn all-cash offer for the Australian gambling operator Tatts Group equating to $4.21 per share. The group, which is a joint-venture between London private equity firm Macquarie Group and New York ...and more »

Pacific Consortium returns with revised offer for Tatts Group - Gaming Intelligence

Pacific Consortium returns with revised offer for Tatts GroupGaming IntelligenceA consortium of private equity investors has returned with a revised proposal to acquire Tatts Group in a second attempt to derail the operator's planned merger with Tabcorp Holdings. The Pacific Consortium, which includes private equity firms Kohlberg ...and more »

Australia's Tatts could wring more out of KKR team - Reuters;

Australia's Tatts could wring more out of KKR team - Reuters

ReutersAustralia's Tatts could wring more out of KKR teamReutersFILE PHOTO: An official holds a list of the Melbourne Cup horses and jockeys as people place bets at an outdoor betting tent organised by Australian gambling company Tabcorp Holdings Ltd (TAB) in central Sydney, Australia, November 5, 2013.and more »

Pacific Consortium returns for Tatts Group acquisition with 'all-cash' AUS $7.3 billion bid - SBC News;

Pacific Consortium returns for Tatts Group acquisition with 'all-cash' AUS $7.3 billion bid - SBC News

SBC NewsPacific Consortium returns for Tatts Group acquisition with 'all-cash' AUS $7.3 billion bidSBC NewsPacific Consortium the joint-venture investment vehicle of London private equity firm Macquarie Group and New York fund Kohlberg Kravis Roberts (KKR) has restated its intent to acquire Australian gambling operator Tatts Group, by putting forward a AUS ...and more »

Pacific Consortium revives bid to spoil Tatts' merger with Tabcorp - CalvinAyre.com;

Pacific Consortium revives bid to spoil Tatts' merger with Tabcorp - CalvinAyre.com

CalvinAyre.comPacific Consortium revives bid to spoil Tatts' merger with TabcorpCalvinAyre.comTatts Group's plan to form an Australian betting behemoth with rival operator Tabcorp Holdings is being challenged yet again. Pacific Consortium revives bid to spoil Tatts' merger with Tabcorp This time, the Pacific Consortium—a group backed by U.S ...and more »

Tatts Receives AUD7.2 billion Cash Buyout Offer - Barron's (blog);

Tatts Receives AUD7.2 billion Cash Buyout Offer - Barron's (blog)

Barron's (blog)Tatts Receives AUD7.2 billion Cash Buyout OfferBarron's (blog)A consortium comprising private equity firm KKR and Macquarie Group have made an all-cash offer to acquire Australian lotteries and wagering firm Tatts Group (TTS.AU), which has already agreed to a merger with rival Tabcorp Holdings. Photographer: ...and more »

Pacific Consortium back in Tatts chase - Yahoo7 News;

Pacific Consortium back in Tatts chase - Yahoo7 News

Yahoo7 NewsPacific Consortium back in Tatts chaseYahoo7 NewsPrivate equity group Pacific Consortium is back in the hunt for lotteries and wagering firm Tatts Group with a revised takeover offer worth more than $6 billion. The $4.21 per share offer values Tatts, which is currently subject to a merger proposal ...and more »

Game on for Tatts as KKR consortium shows its hand - The Australian Financial Review;

Game on for Tatts as KKR consortium shows its hand - The Australian Financial Review

The Australian Financial ReviewGame on for Tatts as KKR consortium shows its handThe Australian Financial ReviewTabcorp chairman Paula Dwyer with Tatts chairman Harry Boon. Will the Pacific Consortium crash the party? Jesse Marlow. Share on twitter. by Michael Smith. After waiting quietly in the wings for most of the year, the powerful consortium of investors ...and more »

Tatts weighs up new Pacific Consortium bid, backs Tabcorp offer - The Australian;

Tatts weighs up new Pacific Consortium bid, backs Tabcorp offer - The Australian

The AustralianTatts weighs up new Pacific Consortium bid, backs Tabcorp offerThe AustralianTakeover target Tatts has reaffirmed its backing for an $11.3 billion tie-up with Tabcorp as it assesses a fresh offer from the Kohlberg Kravis Roberts-backed Pacific Consortium. In a statement this morning, Tatts (TTS) noted a new non-binding cash ...and more »