Allens advises Tabcorp on A$236 million entitlement offer
Allens has advised Tabcorp Holdings Limited on its A$236 million capital raising. Tabcorp will raise the funds via a fully underwritten pro-rata accelerated renounceable entitlement offer (with retail rights trading).
The offer was announced on 5 February 2015 in conjunction with Tabcorp's announcement of a special dividend of $0.30 per share, which will be fully franked. The special dividend will be paid out of retained earnings of Tabcorp and will be funded by the proceeds of the offer.