Tabcorp Holdings Says Macquarie Group Ceases to be a Substantial Shareholder; Shares Fall 3%

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Tabcorp Holdings (ASX:TAH) received notice that Macquarie Group (ASX:MQG) and its affiliates are no longer substantial holders of the company from March 13, according to a Thursday filing with the Australian bourse.

Macquarie Group and its affiliates became a substantial holder of the company on March 11, with a 5.13% total voting power, an earlier filing showed.

Tabcorp's shares fell around 3% in recent Thursday trading, while Macquarie Group's shares dropped by 1%.

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