Business
Tabcorp (ASX:TAH) share price soars 10% on potential buyout
The Tabcorp Holdings Limited (ASX:TAH) share price has bolted more than 10% in today’s trading session. The bullish price action follows the company’s response to recent media speculation concerning a potential buyout.
What has the media been speculating?
A media report in The Australian earlier today revealed that Tabcorp recently received a proposal to break up the $9 billion betting company. According to the media report, the company’s board received a proposal in the past 2 weeks. The article suggested that the offer involved a demerger of the company’s lottery business and takeover of Tabcorp’s wagering division.
Since late 2020, media speculations have been circling the potential interest from private equity to…
-
Business23 hours agoASX 200 or ASX 300? Here’s the index fund that comes out on top
-
General13 hours agoFormer Russian President Dmitry Medvedev issues warning over Ukraine escalation
-
Noosa News18 hours agoWho was the first PM to visit China? Take the Brisbane Times Quiz
-
Business21 hours ago3 ASX 200 shares set to dominate the next decade