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The latest update is out from Mixi ( (JP:2121) ).
MIXI, Inc., a company listed on the TSE Prime Market, has announced an update regarding its acquisition of PointsBet Holdings Limited, an Australian Securities Exchange-listed company. The acquisition, initially planned through a Scheme of Arrangement, faced a setback due to a voting error at PointsBet’s shareholder meeting. Consequently, MIXI has shifted to an off-market takeover bid to acquire all ordinary shares of PointsBet for $1.20 per share. The acquisition’s success depends on the acceptance of the offer by a majority of PointsBet’s shareholders and regulatory approvals.
More about Mixi
Average Trading Volume: 197,938
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen219.3B
See more insights into 2121 stock on TipRanks’ Stock Analysis page.