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Tatts Rules Out Tabcorp Peace Deal

Thursday, 22nd June 2006

On the bourse, Tattersall's chief executive Duncan Fischer "is pressuring competition authorities to knock back Tabcorp's $2.1 billion bid for Unitab, as he goes on the offensive to bolster his own merger proposal with the Queensland-based wagering group," reported The Australian Financial Review. Fischer "rejected suggestions he might be interested in a peace deal that would divide the assets of Unitab, ceding the gaming operations to Tattersall's & the wagering division to Tabcorp". He said "a dominant Tabcorp would destroy competition by limiting the variety of betting products available to consumers".

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