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PointsBet Holdings ( (AU:PBH) ) just unveiled an update.
PointsBet Holdings Limited is considering a proposal from Betr Entertainment Limited, which could potentially lead to a superior offer compared to the existing scheme with MIXI Australia Pty Ltd. The company plans to conduct mutual due diligence focusing on synergies and the scrip value, as the proposal includes a 57% cash and 43% scrip funding mix. The Board continues to recommend the MIXI Scheme unless a superior proposal emerges and advises shareholders that no action is required at this time.
More about PointsBet Holdings
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.
YTD Price Performance: 9.00%
Average Trading Volume: 1,522,590
Technical Sentiment Signal: Buy
Current Market Cap: A$361.6M
Learn more about PBH stock on TipRanks’ Stock Analysis page.