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PointsBet Holdings ( (AU:PBH) ) has shared an update.
PointsBet Holdings Limited is currently the subject of a takeover battle between betr Entertainment Limited and MIXI Australia Pty Ltd. MIXI has made a cash offer for PointsBet, which has been recommended by PointsBet’s board, while betr is challenging this with a scrip offer. The Takeovers Panel is involved due to betr’s application, which raises concerns about MIXI’s actions potentially pressuring shareholders and not disclosing a confidentiality deed. The outcome of this situation could significantly impact PointsBet’s control and shareholder decisions.
The most recent analyst rating on (AU:PBH) stock is a Buy with a A$0.83 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 focuses on providing innovative and competitive betting options to its customers, primarily targeting the Australian and international markets.
YTD Price Performance: 26.50%
Average Trading Volume: 755,742
Technical Sentiment Signal: Buy
Current Market Cap: A$426.1M
See more insights into PBH stock on TipRanks’ Stock Analysis page.