Original article by Sarah-Jane Tasker
The Australian – Page: 19 & 22 : 20-Oct-16

Tabcorp’s takeover offer for Tatts Group comprises 0.80 of its shares and a $A042.5 cash payment for each of the target’s shares. Tatts shareholders will control 58 per cent of the merged company if the deal is approved. It has been endorsed by the boards of both companies, as well as major institutional investors such as Perpetual and AustralianSuper. The merged group would boast a market capitalisation of about $A8.6bn and annual revenue of more than $A5bn. Tabcorp CEO David Attenborough would head the merged company.

CORPORATES
TABCORP HOLDINGS LIMITED – ASX TAH, TATTS GROUP LIMITED – ASX TTS, PERPETUAL LIMITED – ASX PPT, AUSTRALIANSUPER PTY LTD, NORTHCAPE CAPITAL PTY LTD