Original article by Sarah-Jane Tasker
The Australian – Page: 19 : 13-Dec-17
Some 98.64 per cent of Tatts Group shareholders voted in favour of a merger with Tabcorp Holdings at a scheme of arrangement meeting on 12 December. The enlarged Tabcorp will boast a market capitalisation of about $A11bn and pro-forma annual revenue of $A5bn. Tatts’ outgoing CEO Robbie Cooke noted at its last AGM that the gaming and lotteries group’s market value has risen by $A2.5bn since he took the helm five years ago. Tatts chairman Harry Boon will join the Tabcorp board.
TABCORP HOLDINGS LIMITED – ASX TAH, TATTS GROUP LIMITED – ASX TTS, LADECO AIRLINES, GVC CORPORATION