Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Australia's Tabcorp to stick with investor meeting date for Tatts merger

FILE PHOTO: The logo for Australian gambling company Tabcorp Holdings Ltd (TAB) is displayed outside a TAB branch in central Sydney, Australia, October 18, 2016. REUTERS/David Gray/File Photo

(Reuters) - Betting Firm Tabcorp Holdings <TAH.AX> said on Thursday it expected to stick to its October 18 date for a shareholder meeting to vote on its acquisition of lottery business Tatts Group <TTS.AX>, despite a court decision blocking the deal.

The A$6.15 billion ($4.93 billion) deal was cleared in June by the Australian Competition Tribunal but the antitrust regulator appealed the decision and won on Wednesday.

The deal announced a year ago now faces further delays.

($1 = 1.2469 Australian dollars)

(Reporting by Rushil Dutta in Bengaluru; Editing by Byron Kaye and Stephen Coates)

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.