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TAB and Tatts merger to be tested in Federal Court
11 Jul 2017 | ThoroughbredNEWS News Desk 
The proposed $11 billion merger between wagering giant Tabcorp and lotteries and wagering firm Tatts Group is to be reviewed by the Federal Court after the Australian Competition and Consumer Commission applied on Monday to the Court for a judicial review of the Australian Competition Tribunal's consent for Tabcorp to merge with Tatts.

The ACCC argues that the tribunal made three errors of law in its decision which, the competition watchdog says, are fundamental to the case and to all future merger assessments.

Tabcorp initially sought informal merger clearance from the ACCC, and the ACCC started a review in November 2016.

But shortly after the watchdog published a statement of issues in March 2017, Tabcorp withdrew the application and instead lodged an application for authorisation with the Australian Competition Tribunal.

The ACCC and Australian Competition Tribunal apply different tests when assessing a merger.

The tribunal granted authorisation for the Tatts-Tabcorp merger last month, saying that the merger would create substantial public benefits and no material detriment.
 
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