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Entertainment Rewards Ltd Responds to Suzerain’s Takeover Bid

Story Highlights
  • Entertainment Rewards Ltd has responded to a takeover bid by Suzerain Investment Holdings.
  • EAT’s shareholders will receive the target’s statement detailing the company’s position on the takeover.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Entertainment Rewards Ltd Responds to Suzerain’s Takeover Bid

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The latest update is out from IncentiaPay Ltd. ( (AU:EAT) ).

Entertainment Rewards Ltd has lodged its target’s statement with the Australian Securities and Investments Commission in response to an off-market takeover bid by Suzerain Investment Holdings Ltd for all issued share capital. This move is significant for EAT’s shareholders as they will receive the target’s statement electronically or by mail, outlining the company’s position and response to the takeover offer.

More about IncentiaPay Ltd.

Entertainment Rewards Ltd, through its Entertainment-branded subsidiaries, offers a marketplace for offers and rewards, connecting merchants with consumers seeking entertainment, lifestyle, and leisure experiences. Founded in 1994, it is a leading source of member-only offers and deals, providing advanced data and campaign analytics to fundraisers, merchants, and enterprises in Australia and New Zealand.

Average Trading Volume: 2,838,979

Technical Sentiment Signal: Buy

Current Market Cap: A$26.92M

For an in-depth examination of EAT stock, go to TipRanks’ Overview page.

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