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PointsBet Holdings ( (AU:PBH) ) has issued an announcement.
PointsBet Holdings Limited has received a bidder’s statement from MIXI Australia Pty Ltd for an off-market takeover bid. MIXI Australia currently holds a 9.15% interest in PointsBet shares through pre-bid acceptance agreements with major shareholders. The PointsBet Directors have unanimously recommended that shareholders accept the MIXI Takeover Offer, in the absence of a superior proposal. PointsBet plans to release a target’s statement soon, detailing the reasons for the recommendation.
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 is a corporate bookmaker listed on the Australian Securities Exchange with operations in Australia and Canada. It has developed a scalable cloud-based wagering platform offering innovative sports and racing wagering products and iGaming.
Average Trading Volume: 993,108
Technical Sentiment Signal: Buy
Current Market Cap: A$399.2M
For detailed information about PBH stock, go to TipRanks’ Stock Analysis page.