Business
No one is yet showing Tabcorp the money – or at least not enough of it – Sydney Morning Herald
The rejection of the offers has placed additional pressure on the Tabcorp board which now has to decide whether to split the business or incur the wrath of shareholders….
To appoint a new chief executive and then pursue a break-up of the company would represent something of a bait and switch.
A decision to demerge would be a big move for Tabcorps new chairman Steven Gregg, who replaced long-time chair Paula Dwyer in January.
But it may not ultimately be Greggs choice. The chorus of major shareholders pushing for the demerger is growing louder.
Some believe that the interest from the likes of Entain and Apollo hasnt yielded a sufficiently high offer for the wagering…
-
Business23 hours agoThe ultimate Australian stocks to buy and hold for 10+ years
-
Noosa News24 hours agoNew process turns wheat straw and oat husks into sustainable clothing
-
Noosa News19 hours agoSouthern NSW farmers call for financial relief as ongoing drought takes a toll
-
Noosa News18 hours agoLNP Premier David Crisafulli announces ‘Queensland’s royal commission’ into CFMEU