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Centrebet drop takeover bid for IAS

No surprise after the Takeover Review Panel ruled against them breaking the conditions of a standstill agreement.

Bets off at Centrebet

Will it stop Centrebet's expansion ambitions? I doubt it. Bit I doubt there is any other Australian firm big enough to have any value acquiring. Perhaps they have to head to the UK or the Caribbean?

Will it mean IAS gets sold at a price closer to the unrealistic valuation Mark Read and his board have in mind? I doubt that very much too....

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