Betr Reaffirms Superior Acquisition Proposal for PointsBet

PointsBet Holdings ( (AU:PBH) ) just unveiled an announcement.

Betr Entertainment Limited has reaffirmed its commitment to a superior acquisition proposal for PointsBet Holdings Limited, offering $1.33 in value per share compared to MIXI’s $1.20 offer. Betr, holding a 19.9% stake in PointsBet, intends to vote against the MIXI Proposal, citing strong shareholder support for its own proposal and confidence in delivering significant value through cost synergies and integration.

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, trading as ‘betr’, is a pure-play digital wagering operator listed on the Australian Securities Exchange (ASX). The company focuses solely on the Australian wagering market and is led by a world-class board featuring prominent figures in the Australian wagering industry, including Matthew Tripp and Michael Sullivan. Betr boasts a highly experienced management team.

Average Trading Volume: 1,036,465

Technical Sentiment Signal: Buy

Current Market Cap: A$394.8M

For detailed information about PBH stock, go to TipRanks’ Stock Analysis page.