betr Entertainment Increases Takeover Offer for PointsBet Holdings, Shares Fall 8%

MT Newswires Live

Jul 30

betr Entertainment (ASX:BBT) said it will increase its all-scrip off-market takeover offer for all of the fully paid ordinary shares in PointsBet Holdings (ASX:PBH) it does not currently hold to 4.219 betr shares for each PointsBet share held, according to a Wednesday Australian bourse filing.

The firm added that it plans to increase its offer on or immediately following the opening of the offer. It said that its new offer is superior to MIXI's offer of AU$1.20 cash per PointsBet share.

It expects that the board of PointsBet to reconsider its recommendation that PointsBet shareholders accept the MIXI takeover offer.

betr's shares fell 8% in recent trading on Wednesday.

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It said that its new offer is superior to MIXI's offer of AU$1.20 cash per PointsBet share.</p><p>It expects that the board of PointsBet to reconsider its recommendation that PointsBet shareholders accept the MIXI takeover offer.</p><p>betr's shares fell 8% in recent trading on Wednesday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PBH.AU","symbol_name":"POINTSBET HOLDINGS LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2555092919","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2555092919","pubTimestamp":1753854014,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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