M&A

Tabcorp distances itself from Ladbrokes Coral merger rumours

Operator says it remains committed to tie-up with fellow Australian firm Tatts, despite weekend reports of potential deal with UK giant

Tabcorp says it remains “fully committed” to its planned merger with local rival Tatts after weekend reports suggested Ladbrokes Coral was ready to swoop in with a multi-million pound bid for the Australian operator. According to The Mail on Sunday, the recently merged Ladbrokes Coral has in the past few weeks appointed advisors to work…

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