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…
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