Third time lucky for Tabcorp as Australian regulator clears $4.7b Tatts buyout

Third time lucky for Tabcorp as Australian regulator clears $4.7b Tatts buyout

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 regulator cleared Tabcorp Holdings Ltd’s proposed takeover of lottery owner Tatts Group Ltd for A$6.15 billion ($4.67 billion), paving the way for a match-up that has fallen through twice before since 2006.

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