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The latest update is out from BlueBet Holdings Ltd. ( (AU:BBT) ).
PointsBet Holdings Ltd. has issued a Target’s Statement in response to an unsolicited takeover offer from betr Entertainment Limited. The PointsBet Board unanimously recommends that shareholders reject the offer, which proposes an all-scrip exchange of 4.219 betr shares for each PointsBet share. The statement has been lodged with the Australian Securities and Investments Commission and is being distributed to shareholders through various communication channels.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.42 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.
PointsBet Holdings Ltd. operates in the online sports betting industry, offering a range of betting products and services. The company is focused on providing innovative betting solutions and has a market presence in Australia and other regions.
Average Trading Volume: 925,073
Technical Sentiment Signal: Sell
Current Market Cap: A$307.7M
For an in-depth examination of BBT stock, go to TipRanks’ Overview page.