Tabcorp talks up wagering business but coy on takeover details
Key Points
- Revenue ($m) 2870 down 1.5pc from year-earlier 2914
- EBITDA ($m) 598 v 569
- Net profit ($m) 185 v 199
- Interim dividend 7.5c v 11c, payable on March 17
Tabcorp says it isn’t surprised by the interest in its wagering business, but refused to detail the two offers on the table at its half-yearly results on Wednesday, which sparked the share price to drop 1.24 per cent to $4.40.
Chief executive David Attenborough said proposals to take over the wagering business were highly conditional and confidential, despite credit and private equity giant Apollo Global Management and London-listed Entain revealing themselves as suitors this month.
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