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Tatt's May Hit Jackpot28 June 2005AUSTRALIA -- As reported by the Herald Sun: "Tattersall's shareholders look set for a huge windfall when the company lists on July 7. "Indicative trading by spread betting agency IG markets has seen 'grey' Tattersall's shares rise as high as $3.88 - valuing the gaming giant at $2.7 billion. " Applications for shares in Tatts closed last night heavily oversubscribed as investors scrambled for the small number on public issue. "Of the 700 million shares on issue, only 100 million were part of the public offer with an application price of $2.90 a share. "...Brokers have warned that the scarcity of stock could force initial trades in Tattersall's to unrealistic levels..." |