PointsBet Holdings (ASX:PBH) granted betr Entertainment (ASX:BBT) access to conduct due diligence on its takeover proposal after concluding the offer could potentially be superior to the proposed deal with Japanese consumer technology firm Mixi's unit, Mixi Australia, according to a Monday filing with the Australian bourse.
The company said it still recommends shareholders vote for the Mixi offer in the absence of a superior proposal and subject to an independent expert.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.