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Aware Super Acquires Substantial Stake in Tabcorp Holdings

Story Highlights
  • Tabcorp Holdings Limited operates in the gambling and entertainment industry.
  • Aware Super Pty Ltd has acquired a 5.16% stake in Tabcorp, subject to regulatory restrictions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Aware Super Acquires Substantial Stake in Tabcorp Holdings

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Tabcorp Holdings Limited ( (AU:TAH) ) has provided an announcement.

Tabcorp Holdings Limited has announced that Aware Super Pty Ltd has become a substantial shareholder, acquiring a 5.16% stake in the company. This development highlights the regulatory framework governing shareholding in Tabcorp, which includes restrictions on voting power exceeding 10% without governmental consent. This acquisition could impact Tabcorp’s shareholder dynamics and necessitates adherence to specific legislative requirements.

The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.

More about Tabcorp Holdings Limited

Tabcorp Holdings Limited is a prominent company in the gambling and entertainment industry, primarily offering wagering, gaming, and media services. The company is based in Melbourne, Australia, and operates with a focus on providing betting and gaming solutions across various platforms.

Average Trading Volume: 8,458,091

Technical Sentiment Signal: Buy

Current Market Cap: A$2.08B

For detailed information about TAH stock, go to TipRanks’ Stock Analysis page.

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