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Betr Raises PointsBet Offer and Launches $90M Buy-Back Amid Shareholder Standoff
1:11pm on Friday 5th of September, 2025 AEST
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Financial Services
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Betr Raises PointsBet Offer and Launches $90M Buy-Back Amid Shareholder Standoff
1:11pm on Friday 5th of September, 2025 AEST
Key Points
Offer consideration ratio increased from 4.219 to 4.375 betr Shares per PointsBet Share
MIXI, controlling shareholder of PointsBet, refuses to accept Betr's offer or improvements
Selective buy-back pool raised from $80 million to $90 million, funded by cash and a $10 million loan
Independent Expert deems buy-back not fair but reasonable to non-participating shareholders
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Betr Entertainment (ASX:BBT)
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