The battle for PointsBet has been escalated considerably! Betr has increased their takeover bid to AU$1.35 per share, leaving their previous AU$1.22 bid behind and outstripping rival Mixi’s AU$1.20 offer by almost 12%.
What happens now is that PointsBet shareholders who decide to go with Betr’s new proposal will receive around 4.219 Betr shares for every PointsBet share they hold. It’s like a response from Betr to the PointsBet board that "we’re on it" after they didn’t really like the last offer much.
Over this whole time, this story has been a bit of a wild ride. Mixi had control over the situation just a few days ago when they got the thumbs up from 17% of PointsBet shareholders.
Essentially the company is pointing out to PointsBet investors that they should not rush to make a decision before they have both offers in hand. Besides, they are trying to persuade PointsBet’s directors to change their minds and give their support from Mixi to Betr.
Since cheating accusations are being thrown around and offers are getting higher every week, the acquisition dispute is escalating into a complicated and unresolved showdown between the companies.
Editor-in-chief and creator Cole Smith of casinocurrencies.com, has extensive experience with casino payment systems, The site was created to provide an honest and trustworthy resource for online gambling players.