Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

Tatts has been trading above the implied offer by Tabcorp by 5% to 6.5% since Pacific Consortium announced a AUD 4.40 to 5.00 non-binding offer for Tatts. <figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/018/092/original/SK%20M&amp;A%20-%20Tatts%20Group%20Ltd%20%28TTS%20AU%29%20-%20Tabcorp%20Holdings%20Ltd%20%28TAH%20AU%29.png?1482384219" class="editor-image img-responsive" data-smartkarma-image-id="18092"></figure>In addition, there has been talks that <a href="https://www.smartkarma.com/entities/22210" target="_blank" data-smartkarma-citation="entities:22210:1">William Hill PLC (WMH LN)</a> and <a href="https://www.smartkarma.com/entities/22027" target="_blank" data-smartkarma-citation="entities:22027:1">Ladbrokes PLC (LAD LN)</a> are interested in Tatt's wagering arm which has been priced at AUD 1.00 to 1.60 / Tatts share (AUD 1.47bn to AUD 2.35 bn)In this insight, we take examine how much Tabcorp can increase its cash and scrip ratio before:<ol><li>The transaction becomes dilutive to…</li></ol>

Tatts has been trading above the implied offer by Tabcorp by 5% to 6.5% since Pacific Consortium announced a AUD 4.40 to 5.00 non-binding offer for Tatts. In addition, there has been talks that William Hill PLC (WMH LN) and Ladbrokes PLC (LAD LN) are interested in Tatt's wagering arm which has been priced at AUD 1.00 to 1.60 / Tatts share (AUD 1.47bn to AUD 2.35 bn)In this insight, we take examine how much Tabcorp can increase its cash and scrip ratio before:The transaction becomes dilutive to…

Tatts / Tabcorp - What's the Table Limit on Tabcorp's Bet?

Tatts Group Ltd

Tatts / Tabcorp - What's the Table Limit on Tabcorp's Bet?