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An update from PointsBet Holdings ( (AU:PBH) ) is now available.
PointsBet Holdings Limited has announced its response to an off-market takeover offer from MIXI Australia Pty Ltd, a subsidiary of MIXI, Inc. The offer is for all shares at a cash price of $1.20 per share. The PointsBet Board has recommended that shareholders accept the offer, in the absence of a superior proposal. This move could significantly impact PointsBet’s operations and market positioning, as it aligns with the company’s strategic objectives and provides a potential exit strategy for shareholders.
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 is a company operating in the sports betting and gaming industry, providing online and mobile sports wagering products and services. The company focuses on offering innovative betting solutions and expanding its market presence.
Average Trading Volume: 1,001,044
Technical Sentiment Signal: Buy
Current Market Cap: A$404.2M
For a thorough assessment of PBH stock, go to TipRanks’ Stock Analysis page.