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PointsBet Holdings ( (AU:PBH) ) just unveiled an announcement.
PointsBet Holdings Limited, a company listed on the Australian Securities Exchange, is the target of an off-market takeover bid by betr Entertainment Limited. Betr has issued a fourth supplementary bidder’s statement in response to PointsBet’s supplementary target’s statement. Betr addresses concerns about its financial position, stating that its negative cash flow was due to one-off costs related to acquisitions and operational changes. Betr also refutes claims about its ability to repay debts, asserting confidence in its financial strategy.
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
YTD Price Performance: 25.00%
Average Trading Volume: 1,493,359
Technical Sentiment Signal: Buy
Current Market Cap: A$434.5M
See more data about PBH stock on TipRanks’ Stock Analysis page.