ASX winners and losers from the Victorian budget
ASX winners and losers from the Victorian budget
The Victorian state government handed down its budget today with billions in new taxes and cuts that will create winners…
Brendon’s passion for shares started by accident in 2003 and he has worked in various roles around capital markets ever since as a trader, stock analyst and markets reporter with the Australian Financial Review. Most of his wealth has come from share investing than any other asset class, and that has given him the financial freedom not to work full-time, if he chooses to.
William Hill last month to give it an immediate presence in the United States’ burgeoning land-based and online sportsbetting markets. However, the buyer purportedly now intends
to offload the brand’s non-American assets, which encompass some 1,400 land-based betting shops spread across the United Kingdom.
Domestic dominance:
Jette Nygaard-Andersen took over as the Chief Executive Officer for
Entain in January and reportedly told Bloomberg that her London-listed firm is now looking at the non-American assets of William Hill including
its estate of land-based betting shops in the United Kingdom. The 52-year-old purportedly disclosed that her company already holds
a 40% share of the British sportsbetting market courtesy of its Ladbrokes brand and is furthermore engaged in trying to purchase the wagering and media business of Australian bookmaker Tabcorp Holdings Limited for
Boral (ASX:BLD) share price in focus as it rejects Seven Group (ASX:SVW) takeover bid
Brendon Lau | May 11, 2021 9:40am |
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The
Boral Limited(ASX: BLD) share price will be in the spotlight after it gave the takeover bid from
Seven Group Holdings Ltd(ASX: SVW) the thumbs down.
Seven Group lobbed a $6.50 a share offer to acquire all the shares of Boral it doesn’t own. This is a nil-premium offer as it’s priced the same as Boral’s last closing price.
The takeover of the building products group is seen as being opportunistic, if not sincere. This isn’t only because of the lack of a takeover premium and a string of other conditions.
May 7, 2021
American private equity behemoth Apollo Global Management Incorporated has reportedly joined the race to buy the wagering and media business of Australian bookmaker Tabcorp Holdings Limited after lodging an official bid worth in the region of $3.1 billion.
According to a Thursday report from The Sydney Morning Herald newspaper, the all-cash move comes a little over a week after British land-based and online sportsbook operator Entain made an improved $2.7 billion offer of its own for the same segments of the Melbourne-headquartered firm. This proposition is currently being considered and may well purportedly soon be followed by a second rival tender from American media conglomerate Fox Corporation in partnership with local iGaming pioneer Matthew Tripp.
Why the Tabcorp (ASX:TAH) share price will be in the spotlight today
Why the Tabcorp (ASX:TAH) share price will be in the spotlight today
The Tabcorp Holdings Limited (ASX: TAH) share price will be one to watch closely on Friday morning. We take a look into why.
Aaron Teboneras has been a Motley Fool contributor since early August 2020. After graduating from RMIT University with a Business degree, Aaron spent most of his years either travelling or working in various industries. Aaron’s most notable appointments include National Australia Bank, and Computershare where he discovered his passion for the Australian sharemarket. Outside of researching and writing for Motley Fool, Aaron enjoys trekking on adventures across the world and learning new life skills.