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BlueBet Holdings Ltd. ( (AU:BBT) ) just unveiled an announcement.
PointsBet Holdings Limited has received an unsolicited all-scrip takeover offer from Betr Entertainment Limited, valuing PointsBet shares at approximately $1.03 each. The PointsBet Board advises shareholders to take no action until a formal response is provided. Meanwhile, the Board unanimously recommends a competing offer from MIXI, which offers $1.20 per share in cash, providing greater certainty for shareholders.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.38 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.
More about BlueBet Holdings Ltd.
PointsBet Holdings Limited is a company operating in the sports betting industry, offering a range of betting products and services. It focuses on providing innovative and competitive wagering options to its market.
Average Trading Volume: 749,218
Technical Sentiment Signal: Sell
Current Market Cap: A$251.3M
For a thorough assessment of BBT stock, go to TipRanks’ Stock Analysis page.