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PointsBet Holdings ( (AU:PBH) ) has shared an announcement.
PointsBet Holdings has received a definitive all-cash offer from MIXI Australia, a subsidiary of MIXI Inc, which is superior to a competing proposal from betr. MIXI Australia’s offer provides a certain and unconditional cash payment of A$1.30 per share if they acquire 90% or more of PointsBet shares, or A$1.25 if less, offering a compelling premium over betr’s uncertain all-scrip offer. MIXI Australia has already secured 37.12% of PointsBet shares, and their offer is backed by substantial cash reserves, ensuring a reliable outcome for shareholders.
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
Average Trading Volume: 862,060
Technical Sentiment Signal: Buy
Current Market Cap: A$424.4M
Learn more about PBH stock on TipRanks’ Stock Analysis page.