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PointsBet Initiates Trading Halt Amid Acquisition Developments

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PointsBet Initiates Trading Halt Amid Acquisition Developments

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An announcement from PointsBet Holdings ( (AU:PBH) ) is now available.

PointsBet Holdings Limited has requested a trading halt on its securities as it prepares to release a significant announcement regarding the acquisition of its entire issued share capital by MIXI, Inc. through its subsidiary MIXI Australia Pty Ltd. This move indicates a potential strategic shift for PointsBet, which could have substantial implications for its market positioning and stakeholders, pending the outcome of the acquisition process.

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 operates in the sports betting and gaming industry, offering a variety of wagering products and services. The company focuses on providing innovative and engaging betting experiences to its customers, primarily in the Australian and international markets.

Average Trading Volume: 1,261,942

Technical Sentiment Signal: Buy

Current Market Cap: A$361.6M

See more data about PBH stock on TipRanks’ Stock Analysis page.

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