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Tabcorp and Tatts Group announce $11.3b merger

James Thomson and John Stensholt
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Tabcorp and Tatts Group will combine to create a $11.3 billion gaming giant after Melbourne-based Tabcorp agreed to pay a 20 per cent premium for Tatts shares.

As revealed by Street Talk, both companies halted trade in their shares on Tuesday as merger talks reached a conclusion.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
John Stensholt is a former editor of the BRW Rich 200 and Young Rich Lists.
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    Original URL: https://www.afr.com/business/gambling/tabcorp-and-tatts-group-announce-113bn-merger-20161018-gs5cm8