SYDNEY: Australian gaming and lottery giant Tatts said on Wednesday it had received a revised multi-billion-dollar takeover offer from a consortium led by US private equity firm KKR, challenging a planned merger with rival Tabcorp.
The Pacific Consortium—consisting off Kohlberg Kravis Roberts, Macquarie Group, First State Superannuation Scheme and North Haven Infrastructure Partners—made an all-cash bid of Aus$7.2 billion, a sweetened offer from last year’s cash and scrip offer.
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