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BlueBet Holdings Ltd. ( (AU:BBT) ) has shared an announcement.
PointsBet Holdings Limited is currently the subject of two competing takeover offers: a cash offer from MIXI Australia Pty Ltd, a subsidiary of Japanese company MIXI, Inc, and an unsolicited reverse takeover offer from betr Entertainment Limited, formerly BlueBet Holdings Limited. PointsBet has raised concerns about the disclosure practices of betr, alleging misleading information regarding the value of the offer and associated synergies. PointsBet argues that these issues affect the market for control of the company and seeks to restrain betr from proceeding with certain actions, such as a selective buy-back, which PointsBet claims contravenes regulatory provisions.
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: 896,110
Technical Sentiment Signal: Buy
Current Market Cap: A$328.2M
See more data about BBT stock on TipRanks’ Stock Analysis page.