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BlueBet Holdings Ltd. ( (AU:BBT) ) has shared an update.
Betr Entertainment Limited has made an all-scrip offer to acquire all ordinary shares of PointsBet Holdings Limited. Under this offer, PointsBet shareholders will receive 3.814.219 betr shares for each PointsBet share they hold. The offer is significant as it involves a complete acquisition of PointsBet by betr, which could impact the market positioning of both companies. Shareholders who are ineligible foreign shareholders or small parcel shareholders will not receive betr shares but will instead receive the net proceeds from the sale of such shares.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.38 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: 927,771
Technical Sentiment Signal: Sell
Current Market Cap: A$307.7M
Find detailed analytics on BBT stock on TipRanks’ Stock Analysis page.