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Jumbo (ASX:JIN) share price on watch after Tabcorp (ASX:TAH) sells its stake – Motley Fool Australia
Jumbo Interactive Ltd (ASX:JIN) shares will be on watch after Tabcorp Holdings Limited (ASX:TAH) sold its stake in the lottery ticket seller…
The Jumbo Interactive Ltd(ASX: JIN) share price could come under pressure on Tuesday following the release of an after-hours announcement by Tabcorp Holdings Limited(ASX: TAH) on Monday.
What was announced?
After the market close on Monday, Tabcorp revealed that it will be selling its stake in Jumbo.
According to the release, the gambling company has entered into an agreement to sell its 11.6% interest through a block trade with UBS.
Tabcorp has agreed to sell 7,234,178 shares in Jumbo at a …
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