Australia court upholds appeal against Tabcorp's $4.9b buyout of Tatts

Australia court upholds appeal against Tabcorp's $4.9b buyout of Tatts

The logo for Australian gambling company Tabcorp Holdings Ltd (TAB) is displayed outside a TAB branch in central Sydney, Australia, October 18, 2016. REUTERS/David Gray

An Australian court upheld on Wednesday an appeal against betting firm Tabcorp Holdings Ltd’s agreed A$6.15 billion ($4.9 billion) buyout of lotteries operator Tatts Group Ltd.

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