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BlueBet Holdings Ltd. ( (AU:BBT) ) has issued an announcement.
PointsBet Holdings Limited, a company involved in the gaming and betting industry, is currently the subject of two competing takeover offers: a cash offer from MIXI Australia Pty Ltd and a reverse takeover offer from betr Entertainment Limited. The Takeovers Panel has decided not to conduct proceedings on an application from betr Entertainment, which challenged aspects of the MIXI offer and its confidentiality agreement with PointsBet. The Panel concluded that the current situation allows PointsBet shareholders to adequately assess both offers, and there was no need for further action.
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.
Average Trading Volume: 927,771
Technical Sentiment Signal: Sell
Current Market Cap: A$307.7M
Find detailed analytics on BBT stock on TipRanks’ Stock Analysis page.