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PointsBet Holdings ( (AU:PBH) ) has provided an update.
PointsBet Holdings Limited announced that due to a system error by Computershare, the proxy votes from Betr Entertainment Limited were incorrectly excluded from the final voting results of the Scheme Meeting regarding the proposed acquisition by MIXI, Inc. As a result, the Scheme Resolution was not approved by the necessary majorities of PointsBet shareholders. This development impacts PointsBet’s acquisition plans and may have implications for its market positioning and stakeholder interests.
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 industry, offering online and mobile wagering services. The company focuses on providing innovative betting products and experiences to its customers, primarily in the Australian and U.S. markets.
Average Trading Volume: 1,114,280
Technical Sentiment Signal: Buy
Current Market Cap: A$396.4M
Find detailed analytics on PBH stock on TipRanks’ Stock Analysis page.