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An announcement from PointsBet Holdings ( (AU:PBH) ) is now available.
PointsBet Holdings Limited has issued a second supplementary target’s statement in response to an unsolicited takeover bid by betr Entertainment Limited. MIXI Australia Pty Ltd, which has made a competing cash offer, now holds a majority stake in PointsBet and has asserted control over the board, ensuring that betr will not have representation. This development solidifies MIXI’s position and indicates that PointsBet and betr will remain competitors in the Australian online betting market.
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 online betting industry, providing sports and racing wagering products and services primarily in Australia.
Average Trading Volume: 1,001,735
Technical Sentiment Signal: Buy
Current Market Cap: A$436.2M
Learn more about PBH stock on TipRanks’ Stock Analysis page.