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PointsBet (PBH AU): Betr's "Superior Offer"? In An Alternate Reality
771 Views23 Jun 2025 06:15
betr's Offer remains convoluted, and not superior to MIXI's. And won't be if Betr's share price continues to fluctuate. I don't see how any betr Offer can commence until after ACCC clearance.
What is covered in the Full Insight:
- Overview of BETR's Offer
- PointsBet's Financial Performance
- Comparison between MIXI and BETR Offers
- Regulatory and Approval Considerations
- Conclusion and Shareholder Recommendations
Boomeranged on Thu, 26 Jun 2025 07:40
Turns out, it was Computershare's fault, and betr's vote was incorrectly excluded. So the Scheme failed, and we now move to Mixi's off-market Offer, which should kick off on Monday (my estimate). Given 95.69% of shares voting (present & via proxy), or 176.6mn (53.2% of shares out), were for Mixi's A$1.20/share bid, you'd think betr's efforts are a lost cause. Unless there's one last wrinkle.
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Full Insight
(Paid Plans Only, 4-minute read)
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- PointsBet (PBH AU): Mixi Bumps and Declares Offer Unconditional08 Aug 2025
- PointsBet (PBH AU): Either Betr Pulls A Rabbit Out Of The Hat, Or Walks30 Jul 2025
- PointsBet (PBH AU): Betr Firms "Superior Offer". Expect The Board To Reject. Again17 Jul 2025
- PointsBet (PBH AU) [Further] Backs MIXI's Offer, Rejects Betr's16 Jun 2025
- PointsBet (PBH AU): MIXI Bumps To A$1.20. Betr's DD Continues04 Jun 2025
- PointsBet (PBH AU)/Betr (BBT AU): Mutual Due Diligence Proposed12 May 2025
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