SYDNEY: A consortium led by US private equity firm KKR pulled its takeover bid for Australian gaming and lottery giant Tatts, reports said, after the firm rejected its revised multi-billion-dollar offer Friday.
The Pacific Consortium has made two bids for Tatts, which is planning a merger with rival Tabcorp, but Tatts rejected the second all-cash bid of Aus$7.2 billion (Aus$5.4 billion) received last week, saying it was “not a superior proposal”.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.