Entain has upgraded its offer for Tabcorp to A $ 3.5 billion, after the board rejected the initial A $ 3 billion proposal and stated that they did not properly value the business.
As we published in February, Entain showed great interest in acquiring the wagering and media division business of the Australian firm.
It should be noted that, in an announcement to the Australian Stock Exchange, Tabcorp Holdings reported that a revised offer had been made and that the board had not yet formed an opinion on the merits of the proposal.
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