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Side bet

25 November 2016 By Quentin Webb

Tabcorp has grabbed 10 pct of target Tatts. The share raid is unusual midway through an agreed deal. It warns gatecrashers away from the $5 bln tie-up, and heads off talk of a Tatts breakup. But if competition approval is not forthcoming, Tabcorp will have overplayed its hand.

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