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An update from PointsBet Holdings ( (AU:PBH) ) is now available.
Betr Entertainment Limited has announced a proposal to acquire the remaining shares of PointsBet Holdings Limited that it does not already own, aiming to enhance its position in the Australian wagering market. The proposal, valued at $360 million, includes a mix of cash and betr scrip, offering greater value to PointsBet shareholders compared to a competing proposal. The acquisition is expected to generate significant cost synergies and improve operational scale, positioning betr as a major player in the industry.
More about PointsBet Holdings
YTD Price Performance: 8.23%
Average Trading Volume: 2,186
Technical Sentiment Signal: Hold
Current Market Cap: $222.3M
Find detailed analytics on PBH stock on TipRanks’ Stock Analysis page.