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BlueBet Holdings Ltd. ( (AU:BBT) ) has provided an announcement.
PointsBet Holdings Limited has announced that it is considering a proposal from Betr Entertainment Limited to acquire the company, which may lead to a ‘Superior Proposal’ compared to the existing scheme with MIXI Australia Pty Ltd. The PointsBet Board is conducting mutual due diligence with Betr, focusing on synergies and the value of Betr’s scrip, as the proposal involves a 57% cash and 43% scrip funding mix. Shareholders are advised that no action is required at this time, and the Board continues to recommend the MIXI Scheme unless a superior offer emerges.
More about BlueBet Holdings Ltd.
PointsBet is a corporate bookmaker listed on the Australian Securities Exchange, operating in Australia and Canada. It offers innovative sports and racing wagering products and iGaming through a scalable cloud-based wagering platform.
Average Trading Volume: 425,474
Technical Sentiment Signal: Hold
Current Market Cap: A$312.6M
For a thorough assessment of BBT stock, go to TipRanks’ Stock Analysis page.