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An announcement from PointsBet Holdings ( (AU:PBH) ) is now available.
PointsBet Holdings Limited is currently the subject of two competing takeover offers: a recommended cash offer from MIXI Australia Pty Ltd and an unsolicited all-scrip, reverse takeover offer from betr Entertainment Limited. The situation has led to a dispute, with betr challenging the PointsBet board’s decision to accelerate the vesting of performance rights, which betr argues has unfairly influenced the takeover process by increasing MIXI’s voting power. Betr is seeking legal orders to prevent further acceleration of vesting and to cancel the shares issued under the performance rights, aiming to ensure a fair and competitive market environment.
The most recent analyst rating on (AU:PBH) stock is a Hold with a A$1.25 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 operates in the sports betting and gaming industry, providing a range of betting products and services. The company is primarily focused on offering innovative and competitive betting solutions to its market, with a significant presence in Australia and expanding operations in other regions.
Average Trading Volume: 1,087,873
Technical Sentiment Signal: Buy
Current Market Cap: A$434.5M
For a thorough assessment of PBH stock, go to TipRanks’ Stock Analysis page.