Matthew Felsman is a private wealth adviser of AAP Securities. He is a member of the Stockbrokers Association of Australia and possess accreditations from Deakin University.
Australia’s Tabcorp Holdings and Tatts Group have agreed to a A$11.3 billion ($8.7 billion) merger, in a deal which analysts say could help defend against popular online rivals. The transaction will see Tabcorp offer 0.8 Tabcorp share plus A$0.425 in cash for each Tatts share. That implies a value of A$4.34 per share. “This transaction […]
Australia-listed Tabcorp and Tatts Group said on Tuesday that they are in talks to create a A$9.34 billion ($7.1 billion) betting giant, Reuters reports. According to an investment banker involved in the talks, a transaction could be announced within the next two days. Tabcorp announced a “Trading Halt Session” on Tuesday in a filing to […]