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Australia – Macquarie bid to challenge Tabcorp’s merger with Tatts
A consortium including Macquarie Group, Morgan Stanley and First State Super has tabled a bid for Australian lottery and betting operator Tatts Group. It challenges Australian betting rival Tabcorp’s $11.3bn plan to merge with Tatts. Whilst Tabcorp wants to buy Tatts Group in its entity, the Macquarie consortium wants to buy Tatt’s lottery business for…
