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BlueBet Holdings Ltd. ( (AU:BBT) ) has issued an update.
PointsBet Holdings Limited, a company involved in the gaming and betting industry, is currently the subject of competing takeover bids. The Takeovers Panel has received an application from betr Entertainment Limited regarding the affairs of PointsBet, following a scrip takeover offer by betr and a cash takeover offer by MIXI Australia Pty Ltd. MIXI has declared its offer unconditional and increased the cash offer per share, which betr argues could unfairly influence shareholders before they can consider betr’s offer. betr is seeking interim and final orders to ensure a fair process, including delaying MIXI’s acceptance processing and extending the offer period.
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: 938,239
Technical Sentiment Signal: Sell
Current Market Cap: A$312.8M
Learn more about BBT stock on TipRanks’ Stock Analysis page.