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PointsBet Acquisition Scheme Faces Setback Due to Voting Error

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PointsBet Acquisition Scheme Faces Setback Due to Voting Error

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BlueBet Holdings Ltd. ( (AU:BBT) ) has provided an announcement.

PointsBet Holdings Limited announced the results of a Scheme Meeting regarding its proposed acquisition by MIXI, Inc. through MIXI Australia Pty Ltd. A system error by Computershare led to the incorrect exclusion of votes from Betr Entertainment Limited, resulting in the Scheme Resolution not being approved by the necessary majority of PointsBet shareholders. This development impacts the acquisition process and the company’s future strategic direction.

The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.38 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.

More about BlueBet Holdings Ltd.

Average Trading Volume: 640,795

Technical Sentiment Signal: Sell

Current Market Cap: A$297.4M

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

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