PointsBet Acquisition by MIXI Gains Court Approval

PointsBet Holdings ( (AU:PBH) ) has shared an update.

PointsBet Holdings Limited has announced that the Federal Court of Australia approved the dispatch of a supplementary scheme booklet related to the proposed acquisition by MIXI, Inc. The acquisition involves MIXI purchasing 100% of PointsBet’s issued share capital through a scheme of arrangement for $1.20 per share. The supplementary booklet includes updates on the improved scheme consideration and the rejection of a competing proposal. An independent expert has deemed the scheme fair and reasonable, and a shareholder vote is scheduled for June 25, 2025. This acquisition could significantly impact PointsBet’s market positioning and shareholder value.

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

PointsBet Holdings Limited operates in the sports betting and gaming industry, providing online and mobile sports betting services. The company focuses on offering innovative betting solutions to enhance user experience and expand its market presence.

Average Trading Volume: 1,069,182

Technical Sentiment Signal: Buy

Current Market Cap: A$394.8M

Find detailed analytics on PBH stock on TipRanks’ Stock Analysis page.