If the acquisition in 2017 of lotteries-dominated Tatts by wagering company Tabcorp worked out worse for shareholders of the former than the latter, some blame — or at the very least, scepticism — must attach to the work of corporate consultancy Grant Samuel.
Hired by the Harry Boon-led Tatts board, it after all recommended for the merger, writing that “the advantages and benefits of the scheme for Tatts shareholders outweigh the disadvantages, risks and costs”.
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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
