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PointsBet Holdings ( (AU:PBH) ) has shared an update.
PointsBet Holdings Limited has announced a recommended takeover offer from MIXI Australia Pty Ltd, following the rejection of a proposed scheme of arrangement by its shareholders. The all-cash offer of $1.20 per share represents a significant premium over previous share prices, providing certainty of value for shareholders and positioning MIXI as a strong contender in the acquisition, contrasting with a competing offer from betr Entertainment Limited.
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 industry, offering a range of betting products and services primarily focusing on online and mobile platforms. The company is known for its innovative approach to sports wagering and has a significant presence in the Australian and international betting markets.
Average Trading Volume: 1,114,280
Technical Sentiment Signal: Buy
Current Market Cap: A$396.4M
Learn more about PBH stock on TipRanks’ Stock Analysis page.