The deal values the Queensland gaming company at A$2.1 billion, but UNiTAB says this is too low given the current trading price of A$14.78 and a three-month volume weighted average price of A$14.78 a share calculated on 1 June.
UNiTAB has recommended that shareholders back a proposed nil premium merger with TattersallÆs Limited û TabcorpÆs rival in the Victorian gaming sector. The directors say the TattersallÆs plan gives UNiTAB shared control of the board, protects the companyÆs business model and gives it a higher post-merger...
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