PointsBet Rejects Betr's Revised Takeover Bid

MT Newswires Live

07/31

PointsBet Holdings' (ASX:PBH) board decided to reject the unsolicited conditional off-market all-scrip takeover offer by Betr Entertainment (ASX:BBT) of 4.219 Betr shares per PointsBet share, according to a Wednesday filing with the Australian bourse.

Company directors instead unanimously recommended that shareholders accept the all-cash MIXI Australia takeover offer at an offer price of AU$1.20 per PointsBet share, in the absence of a superior proposal, the filing said.

Shares of the company fell 2% while shares of Betr Entertainment fell 3% at market close.

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