INTECQ PURCHASE ADDS RISK TO TAB-TATTS MERGER
Written on the 3 November 2016 by James Perkins
TABCORP has taken a gamble with its acquisition of gaming services provider Intecq (ASX: ITQ), as it will have implications for the company's proposed $11.3 billion merger with Tatts Group
The well-publicised TAB-Tatts merger had no bearing on the decision, but ACCC chairman Rod Sims says it will affect the decision on the Tatts merger.
"Any competition concerns relating to a combination of the three businesses [Tabcorp, Intecq and Tatts] will be dealt with in the context of the Tabcorp-Tatts review," says Sims, adding that no submission on the merger has been received.