egolinews.com

Tabcorp Holdings Limited (TAH) responded to an ASX price query saying it is aware of an article which featured in the on-line version of The Australian Financial Review’s “Street Talk” yesterday under the heading “Private equity, Crown stalking Tabcorp?”. The gambling and entertainment company’s shares climbed from a daily low of $6.34 on Tuesday morning to as high as $6.76 in the afternoon on a day the broader indices were down 3%.

The article speculated that private equity firm TPG Inc. had teamed up with Crown and that a takeover bid was looming.

Tabcorp said, today, that it is not aware of any such proposal.

As at 1019 AEST, Tabcorp shares were down 6c to $6.57.

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