Tabcorp will acquire ASX-listed gaming technology group INTECQ for $128 million in deal that Tabcorp says will strengthen its gaming services division and add $20 million to underlying earnings.
The Melbourne-based gaming giant, which owns the TAB wagering networks in Victoria and New South Wales, will pay $7.15 a share for INTECQ, which closed at $5.44 on Friday.
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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.
