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PointsBet Holdings ( (AU:PBH) ) has provided an announcement.
The Takeovers Panel declined to conduct proceedings on an application from betr Entertainment Limited regarding PointsBet Holdings Limited’s issuance of new shares. The application alleged that PointsBet’s actions were intended to favor MIXI Australia Pty Ltd in a takeover bid. The Panel found no reasonable prospect of declaring unacceptable circumstances, suggesting that the issuance was in line with market conditions and would not disrupt an efficient market.
The most recent analyst rating on (AU:PBH) stock is a Hold with a A$1.25 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 is focused on expanding its market presence through strategic acquisitions and partnerships.
Average Trading Volume: 1,102,375
Technical Sentiment Signal: Buy
Current Market Cap: A$438M
Find detailed analytics on PBH stock on TipRanks’ Stock Analysis page.