PointsBet Holdings Limited (ASX:PBH) Considers Acquisition Proposal from Betr Entertainment
Proposal Overview
PointsBet Holdings Limited is evaluating a proposal from Betr Entertainment Limited to acquire the company, which it considers a ‘Superior Proposal’ compared to the existing MIXI Scheme.
Due Diligence Process
PointsBet proposes mutual due diligence with Betr, focusing initially on synergies and Betr scrip, given the proposal’s 57% cash and 43% scrip mix.
Board Recommendation
The PointsBet Board recommends shareholders vote in favor of the MIXI Scheme in the absence of a Superior Proposal and if it remains in shareholders’ best interests.
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