BRIEF-Tatts updates on merger with Tabcorp

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Thursday, 27 October 2016 19:34

BRIEF-Tatts updates on merger with Tabcorp

Oct 27 Tatts Group Ltd

* "Sensitive to the possible impact on jobs in queensland arising from this combination"

* Tabcorp's CEO, David Attenborough, will lead combined group

* CEO Robbie Cooke, will depart Tatts when transaction is completed, expected to be mid 2017

* "Would also anticipate that many of our expert team members across all business units would be needed by Tabcorp to drive and grow the combined group"

* "Victorian government is expected to announce a decision in relation to the victorian lotteries licence towards the end of FY17" Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +1 646 223 8780; )

http://mobile.reuters.com/article/idUSFWN1CW1IL