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PointsBet Holdings ( (AU:PBH) ) has issued an update.
PointsBet Holdings Limited, a company listed on the ASX, is the target of an off-market takeover offer by betr Entertainment Limited. The bidder has declared the offer free from several conditions, including shareholder approval and material adverse change, which could streamline the acquisition process. This move indicates a strategic step by betr Entertainment to consolidate its position in the market by acquiring the remaining shares of PointsBet it does not already own.
The most recent analyst rating on (AU:PBH) stock is a Hold with a A$1.25 price target. To see the full list of analyst forecasts on PointsBet Holdings stock, see the AU:PBH Stock Forecast page.
More about PointsBet Holdings
Average Trading Volume: 1,458,276
Technical Sentiment Signal: Buy
Current Market Cap: A$422.3M
See more data about PBH stock on TipRanks’ Stock Analysis page.