Tabcorp is likely to trade higher, into the $4.50 range following independent expert Grant Samuel indicating the proposed $11 billion merger of gaming giants Tatts Group will deliver fair value for Tatts shareholders.
Tabcorp says the merger is expected to deliver at least $130 million in annual earnings from what it calls synergies and business improvements, tech integration, corporate cost savings and other consolidations.
You're not a member! Trial today
It will take about two years to fully integrate the old Tabcorp and Tatts businesses, according to Tabcorp.
Tabcorp
