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BlueBet Holdings Ltd. ( (AU:BBT) ) has provided an update.
betr Entertainment Limited has announced its intention to acquire all shares of PointsBet Holdings Limited that it does not already own, through an off-market takeover offer. The company has declared the offer free from several defeating conditions, including shareholder approval and material adverse change conditions. This move potentially strengthens betr’s position in the market by increasing its stake in PointsBet to 20.5%, signaling a strategic expansion in its operations.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.46 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: 744,457
Technical Sentiment Signal: Sell
Current Market Cap: A$284.6M
See more data about BBT stock on TipRanks’ Stock Analysis page.