PointsBet Holdings Limited (ASX:PBH) Responds to BlueBet’s Acquisition Proposal
Acquisition Proposal
PointsBet Holdings Limited (ASX:PBH) received a confidential, non-binding proposal from BlueBet Holdings Limited (ASX:BBT) on 18 February 2025, offering between $1.02 and $1.09 per share in a highly conditional cash and scrip deal.
Board Decision
After evaluating the Proposal and consulting financial and legal advisers, the PointsBet Board determined it would not result in a superior outcome compared to MIXI, Inc.’s offer of $1.06 per share.
Evaluation Factors
The Board considered the Proposal’s unfunded nature, the requirement for BlueBet to raise significant capital, dependence on assumed synergies without detailed plans, and the extended due diligence period of 25 business days.
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended PointsBet. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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