Australia's Tabcorp confirms proposals for potential sale of wagering arm; shares jump
Australia's Tabcorp confirms proposals for potential sale of wagering arm; shares jump Reuters 2/02/2021 © Reuters/Daniel Munoz The TAB logo is seen on a betting station in Sydney (Reuters) - Tabcorp Holdings Ltd said on Tuesday it had received multiple proposals for a potential sale of its wagering and media business, sending shares of the betting firm close to a one-year high. The company's shares jumped as much as 11.7% to A$4.58, hitting their highest since February last year. Tabcorp's wagering arm has come under pressure from intensifying competition as the industry faces a shift...
Source: msn.com