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The latest announcement is out from PointsBet Holdings ( (AU:PBH) ).
betr Entertainment Limited has announced an increased takeover offer for PointsBet Holdings Limited, raising the offer to $1.35 per share, which is superior to MIXI’s $1.20 cash offer. This move is aimed at integrating the two businesses to grow their share of the Australian wagering market, and betr expects the PointsBet Board to reconsider and recommend their offer over MIXI’s.
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
betr Entertainment Limited is a pure-play digital wagering operator listed on the Australian Securities Exchange, focusing solely on the Australian wagering market. The company boasts a world-class board led by prominent Australian wagering industry figures Matthew Tripp and Michael Sullivan, supported by a highly experienced management team.
Average Trading Volume: 710,696
Technical Sentiment Signal: Buy
Current Market Cap: A$405.9M
See more data about PBH stock on TipRanks’ Stock Analysis page.