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Why PointsBet’s Board Urges Shareholders to Reject betr’s Risky Scrip Bid
9:19am on Wednesday 10th of September, 2025 AEST
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Consumer Discretionary
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Why PointsBet’s Board Urges Shareholders to Reject betr’s Risky Scrip Bid
9:19am on Wednesday 10th of September, 2025 AEST
Key Points
MIXI Australia holds majority control of PointsBet with 51.9% voting power
PointsBet Board unanimously recommends accepting MIXI’s $1.25 cash offer
betr’s scrip offer includes a conditional selective buy-back requiring NAB’s consent
Selective buy-back deemed ‘not fair’ but ‘reasonable’ by independent expert
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