Sky City
Drops Taverner Plans
As reported by the New Zealand
Stuff: "Sky City has dropped plans to bid
for Australian pub company Taverner Group.
"The casino
operator said today it 'does not expect to acquire
the Taverner Hotel Group'. The scant statement
to the Stock Exchange didn't go into any detail
behind the decision.
"Sky
City raised the ire of the exchange earlier
this month when chairman Rod McGeoch let slip
in a media interview that the firm was considering
a bid for Australia's second-largest pub group.
"…Taverner
owns 32 hotels and 2000 poker machines in Victoria,
South Australia, and New South Wales, and is
expected to be worth as much as $A350 million
($NZ379.11 million)…:
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