Entain’s $3.5b Tabcorp wagering bid better than demerger: Citi – The Australian Financial Review

Tabcorp should take the $3.5 billion for its wagering and media business, if its there.
Thats the view from Citi analysts on Wednesday morning, after running their eyes over Entain Groups revised offer for Tabcorps bookmaking and media unit.
Ladbrokes owner Entain wants to add Tabs bookmaking business to its existing operations.  Katherine Griffiths
If all necessary industry and regulatory approvals are received, we see this as a superior outcome for shareholders than a demerger, Citi told clients.
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