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PointsBet Holdings ( (AU:PBH) ) has shared an announcement.
PointsBet Holdings Limited has received an unsolicited, conditional all-scrip takeover offer from Betr Entertainment Limited, proposing 3.81 Betr shares for each PointsBet share, valuing PointsBet shares at approximately $1.03. PointsBet advises shareholders to refrain from any action until further guidance is provided. The company has also reiterated its unanimous recommendation for the MIXI Takeover Offer, which offers a cash value of $1.20 per share, providing more certainty for shareholders.
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 range of betting products and services. The company focuses on providing innovative and engaging betting experiences to its customers.
Average Trading Volume: 993,108
Technical Sentiment Signal: Buy
Current Market Cap: A$399.2M
Learn more about PBH stock on TipRanks’ Stock Analysis page.