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BRIEF-Tatts to postpone its AGM

Published 23/11/2017, 11:24 am
© Reuters.  BRIEF-Tatts to postpone its AGM
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Nov 23 (Reuters) - Tatts Group Ltd TTS.AX

* Australian Competition Tribunal has published reasons for decision to grant Tabcorp authorisation to proceed with its proposed deal

* Tribunal dismissed concerns raised by third parties as either unlikely to arise or as not material

* Tribunal found that proposed transaction will not lead to any material lessening of competition in consumer wagering market

* Board resolved to postpone date of its annual general meeting to 1.30pm (Brisbane time) on Tuesday, 12 Dec

* Tribunal also found that benefits from proposed transaction will be substantial

* intends to apply to supreme court of Victoria next week for approval to postpone scheme meeting to 12 December

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