PointsBet Holdings Ltd. ( (AU:PBH) ) has shared an announcement.
PointsBet Holdings Limited has entered into a Scheme Implementation Deed with MIXI, Inc and its subsidiary MIXI Australia for the acquisition of 100% of PointsBet’s issued share capital. The acquisition will be conducted via a scheme of arrangement, offering PointsBet shareholders a cash consideration of $1.06 per share, a significant premium over recent trading prices. The PointsBet Board unanimously supports the scheme, viewing it as a valuable opportunity for shareholders to realize cash value at a premium, subject to regulatory and shareholder approvals. The scheme is expected to be implemented by mid-June 2025, pending necessary approvals.
More about PointsBet Holdings Ltd.
PointsBet Holdings Limited is a company operating in the sports betting industry, providing wagering services primarily in Australia. It is known for its sports betting services under the brand ‘betM’ and is involved in the development and operation of mobile games and communication services.
YTD Price Performance: -10.08%
Average Trading Volume: 2,778
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $186.2M
Learn more about PBH stock on TipRanks’ Stock Analysis page.
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