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Tabcorp Holdings Limited ( (AU:TAH) ) has provided an announcement.
Tabcorp Holdings Limited announced that Macquarie Group Limited has become a substantial shareholder, acquiring a 5.06% interest in the company. This development is significant due to the strict regulatory restrictions on shareholding and voting power in Tabcorp, which limit any single entity from holding more than 10% without government approval. This move by Macquarie Group could influence Tabcorp’s market dynamics and stakeholder interests, given the regulatory landscape.
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 player in the gambling and entertainment industry, primarily offering wagering, gaming, and keno services. The company is focused on the Australian market, operating under strict regulatory frameworks that govern shareholding and voting power.
Average Trading Volume: 8,180,766
Technical Sentiment Signal: Buy
Current Market Cap: A$2.24B
Learn more about TAH stock on TipRanks’ Stock Analysis page.