BUZZ-ASX-listed Pointsbet rises on backing sweetened MIXI Australia bid

Reuters

08/08

** Pointsbet Holdings PBH.AX gains 3.7% to A$1.255, highest since January 2022

** Stock marks steepest intraday pct gain since July 30

** Co recommends shareholders to accept MIXI Australia's sweetened takeover offer of A$1.25/share, valuing co at A$421 mln ($274.7 mln)

** MIXI says bid "unconditional"; currently holds 28.2% stake in co

** Pointsbet warns shareholders that offer "best and final", though MIXI may increase bid if it crosses 50% ownership in co

** YTD, PBH gains 25.5%

($1 = A$1.5328)

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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