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twitterTabcorp offers to buy second gaming company
Wednesday, Nov. 5, 2003 | 9:31 a.m.
Tabcorp Holdings Ltd., Australia's largest gaming company, today offered to buy Tab Ltd., the second-largest, in a deal that would create a company with four casinos, 18,000 slot machines and horse and greyhound betting shops. Tabcorp has offered 23 of its shares and A$162 cash for every 100 Tab shares, valuing the company at about A$1.9 billion (U.S. $1.35 billion).
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