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PointsBet Holdings Ltd. ( (AU:PBH) ) has shared an update.
PointsBet Holdings Limited has announced a proposed acquisition by MIXI Australia Pty Ltd, a subsidiary of MIXI, Inc. The acquisition will be executed through a scheme of arrangement, offering PointsBet shareholders a cash consideration that represents a substantial premium over recent trading prices. The PointsBet Board has unanimously recommended the proposal, pending shareholder approval and an independent expert’s endorsement. The transaction is expected to be finalized by June 2025, contingent on meeting all conditions.
More about PointsBet Holdings Ltd.
PointsBet Holdings Limited is a company involved in the sports betting industry, providing wagering services to consumers. MIXI, Inc, the acquiring company, is a Japanese consumer technology firm that operates mobile games, communication services, and sports betting services, and manages professional sports teams.
YTD Price Performance: 9.68%
Average Trading Volume: 2,562
Technical Sentiment Signal: Hold
Current Market Cap: $222.2M
For a thorough assessment of PBH stock, go to TipRanks’ Stock Analysis page.
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