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Australian Competition and Consumer Commission

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Peter Warren’s (ASX: PWR) A$28m Wakeling deal clears ACCC after eight-dealership remedy

Peter Warren Automotive Holdings Limited has secured conditional Australian Competition and Consumer Commission approval for its acquisition of Wakeling Automotive, but the automotive retailer must divest eight dealership sites after regulators concluded the original combination could substantially lessen competition in Sydney’s Macarthur region.
Tabcorp Holdings’ A$267 million BetMakers acquisition brings wagering technology, racing data and digital betting infrastructure into focus as the group targets A$30 million in annual cost synergies from the deal. Representative image.
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Tabcorp bets A$267m on BetMakers as A$30m synergy target turns technology overhaul into an M&A test

Tabcorp Holdings is moving to acquire BetMakers Technology Group for an enterprise value of about A$267 million, using the wagering technology company to accelerate a broader digital overhaul. The deal looks dramatically cheaper if management delivers A$30 million of targeted annual cost synergies, making integration rather than the takeover premium the central financial test.