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betr Entertainment Launches Superior All-Scrip Takeover Offer for PointsBet

7:01am on Thursday 17th of July, 2025 AEST Gambling & Casinos
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betr Entertainment Launches Superior All-Scrip Takeover Offer for PointsBet

7:01am on Thursday 17th of July, 2025 AEST
Key Points
  • All-scrip offer of 3.81 betr shares per PointsBet share
  • Offer values PointsBet shares at approximately $1.22, surpassing MIXI’s $1.20 cash bid
  • Potential $44.9 million in annual cost synergies enhancing combined profitability
  • No minimum acceptance condition; offer subject to betr shareholder approval
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