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BlueBet Holdings Ltd. ( (AU:BBT) ) has provided an update.
Betr Entertainment Limited has announced an increase in its offer consideration for the acquisition of PointsBet Holdings Limited. The revised offer now stands at 4.375 betr shares for each PointsBet share, implying a value of $1.40 per share, which surpasses a competing offer from MIXI. This move is part of betr’s strategic effort to strengthen its position in the market by acquiring PointsBet, urging the PointsBet board to reconsider its previous recommendation in favor of MIXI’s offer.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.42 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.
More about BlueBet Holdings Ltd.
Average Trading Volume: 879,991
Technical Sentiment Signal: Sell
Current Market Cap: A$307.7M
See more insights into BBT stock on TipRanks’ Stock Analysis page.