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KKR-backed consortium makes A$7.3b rival bid for Australia's Tatts

Offer threatens a takeover deal with Tabcorp, could spark a bidding war with entry of new players


A GROUP including private equity firm KKR and Macquarie Group Ltd on Wednesday offered up to A$7.3 billion (S$7.8 billion) to buy Australian lottery operator Tatts Group, threatening a takeover deal with Tabcorp Holdings Ltd.

Tatts said in a statement that its board had not...

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