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PointsBet Holdings ( (AU:PBH) ) has provided an update.
betr Entertainment Limited, an ASX-listed company, has announced a takeover offer for PointsBet Holdings Limited, proposing an all-scrip off-market acquisition of all fully paid ordinary shares not already held by betr. As PointsBet’s largest shareholder, betr offers 3.81 betr shares for each PointsBet share, valuing the offer at $1.22 per share, which is slightly higher than MIXI’s $1.20 cash offer. This proposal allows PointsBet shareholders to benefit from potential growth and value enhancement from the combined business, including expected annual cost synergies of $44.9 million. The offer is subject to several conditions and is expected to open on July 31, 2025, and close on September 8, 2025.
The most recent analyst rating on (AU:PBH) stock is a Buy with a A$0.83 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: 993,108
Technical Sentiment Signal: Buy
Current Market Cap: A$399.2M
For detailed information about PBH stock, go to TipRanks’ Stock Analysis page.