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Tabcorp says certainty trumps price in wagering decision – Sydney Morning Herald

Tabcorp chairman Steven Gregg says he’s happy to entertain higher bids for the wagering arm but the demerger option is still alive and kicking.

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Tabcorp chairman Steven Gregg says a sale of its wagering arm hinges just as much on clearing regulatory hurdles and getting the racing industry onside as it does on bidders lifting their offers
The ASX-listed gambling group on Monday formally rejected a $3 billion offer from the British owner of rival outfit Ladbrokes for its wagering and media division, deeming it too low.
Tabcorp said the circa $3 billion offers for its wagering arm were too low. Credit:Dominic Lorrimer
US private equity group…

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