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The latest update is out from BlueBet Holdings Ltd. ( (AU:BBT) ).
PointsBet Holdings Limited has rejected a proposal from Betr Entertainment Limited to acquire the company, citing that the offer was materially below the value offered by MIXI Australia. After thorough due diligence, PointsBet’s board determined that the MIXI Scheme, which offers $1.20 cash per share, is superior due to overstated cost synergies and significant integration challenges associated with the Betr Proposal. This decision underscores PointsBet’s strategic direction and commitment to maximizing shareholder value.
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, providing online and mobile sports wagering services. The company focuses on offering innovative betting solutions and enhancing the user experience for its customers.
Average Trading Volume: 554,389
Technical Sentiment Signal: Buy
Current Market Cap: A$323M
See more data about BBT stock on TipRanks’ Stock Analysis page.