Business
Tabcorp has its own horse in the bidding race, and it’s out in front – Sydney Morning Herald
Tabcorp’s bidders will need to further sharpen their pencils to get the inside running at the negotiating table.
But given the lukewarm response to Entains upgraded offer, Tabcorp chairman Steven Gregg thinks (or wants others to think) the demerger values it at more than $3.5 billion.
In doing so Gregg is playing a long game. He understands there is less risk associated with a demerger because it would avoid a plethora of approvals from state racing clubs and state regulators, the competition watchdog and the Foreign Investment Review Board.
Sure there are costs associated with a demerger but Tabcorp is touting…
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