Tabcorp gets fresh pitch on lotteries demerger
Tabcorp gets fresh pitch on lotteries demerger Another Tabcorp investor has joined the push for the group to spin off its strong lotteries business, arguing now is the time to press the button on the deal. Jan 20, 2021 – 3.29pm Share Chanticleer can reveal that activist investor Sandon Capital has written to Tabcorp’s new chairman, Steven Gregg, in recent weeks, presenting an argument for the board to re-examine a demerger sooner rather than later. Sandon, which has a small stake in Tabcorp – although one meaningful in the context of its own portfolio – says reports of private equit...
Source: afr.com