April 23, 2017 / 11:34 PM / 3 months ago

BRIEF-Pacific Consortium updates on proposal to acquire Tatts

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April 24 (Reuters) - Pacific Consortium

* to permit further dividend payments to tatts shareholders in addition to its all-cash $4.21 per share proposal in the event transaction completion delayed beyond second half of 2017

* $4.21 per share proposal superior in value to tabcorp proposal on 44 days of 57 trading days since Tabcorp’s last results announcement"

* believes Tatts independent chairman and board should consider this proposal seriously and allow the consortium to conduct due diligence

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