Breeding & Racing Magazine

Tabcorp Threatens Legal Action

Tabcorp "has threatened to take legal action & approach the Takeovers Panel if an independent expert's report due out in a few days distorts or misrepresents the value of its $2.1 billion bid for Unitab," reported The Australian Financial Review. The warning to the report's author Deloitte Corporate Finance "intensifies an already heated takeover battle with Victorian gaming & lotteries group Tattersall's".