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PointsBet Board Endorses $1.20 Cash Takeover, Flags Risks in Betr’s Scrip Offer

9:54am on Monday 23rd of June, 2025 AEST Consumer Discretionary
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PointsBet Board Endorses $1.20 Cash Takeover, Flags Risks in Betr’s Scrip Offer

9:54am on Monday 23rd of June, 2025 AEST
Key Points
  • PointsBet board unanimously recommends MIXI’s $1.20 cash scheme
  • Betr’s all-scrip offer valued between $1.05 and $1.14 per share, below MIXI’s bid
  • Betr offer contingent on multiple regulatory and shareholder approvals
  • Concerns over liquidity and overestimated synergies in Betr proposal
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