<p>A consortium of large financial players including Macquarie and US-based private equity fund KKR has launched a bid worth up to $7.3 billion for lotteries and gaming group Tatts Group, hoping to scupper a proposal from Tabcorp to merge with the Queensland-based company.</p>
<p>The new proposal, lobbed on Wednesday by the Pacific Consortium (which also includes Morgan Stanley Infrastructure and First State Superannuation), is potentially more generous than the $6.37 billion offer from Tabcorp. But it's also highly conditional and more complex.</p>