Lofty share price sees Tabcorp move to quash takeover rumours

Australian gambling giant denies being subject of two bids from rival private equity firms

Tabcorp’s share price has risen more than 16% amid reports that two private equity firms are eyeing an ambitious move for the Australian wagering giant. The operator’s share price hit A$4.10 today after closing at A$3.54, lifting the group’s market cap to A$9.1bn. According to The Australian, two undisclosed firms are planning on launching separate…

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