ACCC vetoes TabcorpÆs merger with Unitab
The Australian competition watchdog rules against the A$2.1 billion deal due to structural concerns.
One of the largest MA deals in AustraliaÆs pipeline has been blocked with the Australian Competition and Consumer Commission ACCC ruling against the merger of gaming companies Tabcorp and Unitab.
The chairman of the ACCC, Graeme Samuel, put an end to the merger plans on Wednesday when he opposed the deal on the grounds that it would substantially lessen competition in a number of betting markets, in particular the pooling of TAB bets.
He says the merger of...
To continue reading, please login or register for free