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The latest announcement is out from PointsBet Holdings ( (AU:PBH) ).
PointsBet Holdings Limited has received an all-scrip offer from betr Entertainment Limited to acquire all its ordinary shares. Under the offer, PointsBet shareholders will receive 3.814219 betr shares for each PointsBet share they hold. This acquisition proposal is significant as it could impact PointsBet’s market positioning and shareholder value, especially considering the withdrawal of due diligence access by PointsBet in June 2025. The offer is subject to certain conditions, including the exclusion of ineligible foreign shareholders from receiving betr shares, who will instead receive cash proceeds from the sale of these shares.
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
YTD Price Performance: 27.00%
Average Trading Volume: 840,773
Technical Sentiment Signal: Buy
Current Market Cap: A$427.8M
See more insights into PBH stock on TipRanks’ Stock Analysis page.