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AccessMyLibrary    Browse    A    AsiaPulse News    NOV-03    AUSTRALIA'S TAB WANTS TABCORP TO PAY UNITAB MERGER BREAK FEE.

AUSTRALIA'S TAB WANTS TABCORP TO PAY UNITAB MERGER BREAK FEE.

Publication: AsiaPulse News

Publication Date: 18-NOV-03
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COPYRIGHT 2003 Asia Pulse Pty Ltd

PERTH, Nov 18 Asia Pulse - NSW gaming group Tab Ltd (ASX:TAB) chairman Graham Kelly has asked his counterpart at Tabcorp Ltd (ASX:TAH) to pay Tab's A$5 million (US$3.6 million) break fee if it pulls out of a rival merger deal with UNiTAB Ltd (ASX:UTB).

Mr Kelly put three stipulations today to Tabcorp's Michael Robinson in a letter in which he asked for more details on the Victorian company's $3.2 billion merger proposal.

Tabcorp...

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