KKR-backed consortium makes $4.7b cash offer for Australian lottery operator Tatts

KKR-backed consortium makes $4.7b cash offer for Australian lottery operator Tatts

CEO of Kohlberg Kravis Roberts & Co (KKR) Henry Kravis (C) departs after meeting in the Manhattan borough of New York September 29, 2014. REUTERS/Carlo Allegri

Australian lottery operator Tatts Group Ltd on Wednesday said it had received a A$6.15 billion ($4.65 billion) cash takeover proposal from a consortium backed by U.S. private equity firm KKR & Co, threatening an agreed merger with Tabcorp Holdings Ltd.

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