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An announcement from PointsBet Holdings ( (AU:PBH) ) is now available.
PointsBet Holdings Limited, a company in the sports betting industry, is the target of an off-market takeover bid by betr Entertainment Limited. Betr has increased its offer to 4.375 betr shares for each PointsBet share, equating to an implied value of $1.40 per PointsBet share. This offer surpasses a competing offer from MIXI, which is $1.25 cash per share. The increased offer is part of betr’s strategy to acquire all shares of PointsBet that it does not already own, and it invites the PointsBet Board to reconsider its recommendation in favor of betr’s improved offer.
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: 990,369
Technical Sentiment Signal: Buy
Current Market Cap: A$422.7M
See more data about PBH stock on TipRanks’ Stock Analysis page.