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PointsBet Advances with Scheme of Arrangement Amidst Voting Dispute

Story Highlights
  • PointsBet Holdings operates in the sports betting industry, focusing on innovative betting experiences.
  • PointsBet’s scheme of arrangement with MIXI, Inc. was approved despite a voting dispute with Betr.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
PointsBet Advances with Scheme of Arrangement Amidst Voting Dispute

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PointsBet Holdings ( (AU:PBH) ) has issued an announcement.

PointsBet Holdings Limited announced the approval of its scheme of arrangement with a subsidiary of MIXI, Inc., following a Scheme Meeting where the necessary shareholder majorities were achieved. The company refuted claims made by Betr Entertainment Limited regarding the exclusion of their vote, clarifying that Betr had revoked its proxy and did not vote. The outcome of the meeting was verified by Computershare, and PointsBet is set to proceed to the next legal step in the process.

The most recent analyst rating on (AU:PBH) stock is a Buy with a A$1.10 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 a range of betting products and services. The company focuses on providing innovative betting experiences and has a market presence in various regions.

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.

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