KKR-backed group halts $4.6b takeover bid of Australian lottery operator Tatts

KKR-backed group halts $4.6b takeover bid of Australian lottery operator Tatts

REUTERS/Jason Reed

A group backed by KKR & Co said on Friday it would not undertake further work on a takeover offer for Australia’s Tatts Group Ltd after its A$6.15 billion ($4.60 billion) cash bid was rejected by the lottery operator’s board.

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