GAME ON FOR TATTS GROUP AS CONSORTIUM OFFERS $7.3b CASH BID TO SCUPPER TABCORP
19 April 2017, Written by Ben Hall
PRIVATE Equity firm Kohlberg Kravis Roberts is leading a consortium which has made an all-cash $7.3 billion bid for Tatts Group (ASX: TTS) in a bid to derail its pending merger with Tabcorp.
Tatts CEO and managing director Robbie Cooke (pictured) revealed the company's profit had been hit by soft lotteries and wagering results in its half year report in February.
Business News Australia
Author: Ben Hall