PointsBet Holdings Continues to Recommend Shareholders Accept Proposed Acquisition by Mixi Unit

MT Newswires Live

09/10

PointsBet Holdings' (ASX:PBH) board continues to recommend shareholders vote in favor of the proposed acquisition by Japanese consumer technology firm MIXI's unit, MIXI Australia, under an all-cash deal valued at AU$1.25 per share, according to a Wednesday Australian bourse filing.

The board also recommended that shareholders reject the proposed all-scrip off-market takeover offer by betr Entertainment (ASX:BBT) for all of the fully paid ordinary shares in PointsBet that it does not currently hold, to 4.735 betr shares for each PointsBet share held.

The company also said that Mixi has 51.9% voting power and control of the PointsBet Board, and betr will only be able to exercise its vote at general meetings.

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