Australia
Entain Makes New and Improved Tabcorp Offer
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The Board of Entain has confirmed that it has made a revised offer of AU$3.5 billion (Revised Proposal) to the Board of Tabcorp to acquire its Wagering and Media business (Proposed Transaction). Entain believes that the Revised Proposal is compelling both in terms of the value it represents for Tabcorp shareholders in cash, and certainty of deliverability.
The Proposed Transaction would be in-line with Entain’s current M&A strategy, and presents an opportunity to acquire an attractive business, which when combined with Entain’s existing Australian business, would create a leading, integrated multi-channel and multi-brand wagering company.
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