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Why PointsBet Firmly Rejected Betr’s Bid in Favor of MIXI’s $1.20 Cash Offer

9:22am on Monday 16th of June, 2025 AEST Financial Services
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Why PointsBet Firmly Rejected Betr’s Bid in Favor of MIXI’s $1.20 Cash Offer

9:22am on Monday 16th of June, 2025 AEST
Key Points
  • PointsBet Board unanimously rejects Betr’s acquisition proposal
  • Betr’s offer valued materially below MIXI Australia’s $1.20 cash per share
  • Due diligence reveals overstated synergies and integration challenges in Betr bid
  • PointsBet reaffirms support for MIXI Scheme and conditional takeover offer
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