TAH - Tabcorp Offer for UTB

[carmo]

What's the general opinion of the Tabcorp Offer for UNiTAB shares?

 

[son of baglimit]

tah havent put a foot wrong yet - its only the boring 'anti gambling sentiment' that stops them from being $20+

get the licence stuff over with, put utb in the mix, and its blue sky time

 

[Julia]

Are there any Unitab holders who have made their decision re whether to go with Tattersalls or Tabcorp? UTB directors are urging acceptance of the TTS merger, but to me the deal via TAH looks better.

Would appreciate any informed comments.

Julia

 

[Knobby22]

The Tabcorb offer is not adequate but marginally better than the Tattersalls merger offer.
Unitab are talking with the Tattersalls directors to try and improve their merger offer.
Personally, I would prefer the merger but it is presently inadequate.
The Tabcorp offer is too low and reflects no takeover premium, you can be sure that the institutions will force a better price.

Just sit back and wait and see what happens.
Haven't they been a great investment in any case

 

[Julia]

The Tabcorb offer is not adequate but marginally better than the Tattersalls merger offer.
Unitab are talking with the Tattersalls directors to try and improve their merger offer.
Personally, I would prefer the merger but it is presently inadequate.
The Tabcorp offer is too low and reflects no takeover premium, you can be sure that the institutions will force a better price.

Just sit back and wait and see what happens.
Haven't they been a great investment in any case

Thanks for that, Knobby. My feelings also.
Yes, indeed a good investment. I'm up around 150%.

Regards
Julia

 

[Knobby22]

Julia,
Good article in the Age newspaper today regarding the state of play.
Go to www.theage.com.au/business

K

 

[son of baglimit]

NO TAKEOVER PREMIUM ???


its been priced in ever since they got the gaming side from TAH after the NSW takeover.

their PE tells ya that !!!!!!!!!

wish theyd hurry up with the decision.

 

[Knobby22]

In this increasingly badly named thread, (now Tabcorp is out),
good news, Tattersalls is to increase the cash offer to $14.25.

Maybe if Tabcorb hadn't made enemies of the racing organisations and instead had a friendly alliance like UTB then maybe they would not have argued against the takeover so hard.

I will probably take a part cash, part shares offer.

 

[son of baglimit]

remember the cash part is dictated by how many others want cash too - theres a limit $500m approx

 

[Julia]

remember the cash part is dictated by how many others want cash too - theres a limit $500m approx

Thanks for that info, sob. I didn't know that. I don't particularly want TTS shares and, unless I sell my shares first (have an order in for $14.50) would have intended to go for the cash.

Do you know if getting one's preferred choice back to them earlier rather than later will make any difference?

Julia

 

[Fab]

Julia,

Why don't you want TTS shares? I am just curious as they have indeed not moved much since they floated but since the announcement of merger talks they are going up.

 

[Knobby22]

Thanks for that info, sob. I didn't know that. I don't particularly want TTS shares and, unless I sell my shares first (have an order in for $14.50) would have intended to go for the cash.

Do you know if getting one's preferred choice back to them earlier rather than later will make any difference?

Julia

Very much doubt it.