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MIXI Australia raises PointsBet offer to A$1.25 per share

Deals & M&A

MIXI Australia increased its cash offer for PointsBet to A$1.25 per share and removed the remaining conditions, the companies said. PointsBet’s board unanimously recommended acceptance on 8 August, and each director had accepted the offer for their own holdings. MIXI said the offer would remain open until mid-August unless extended.

The revised unconditional cash offer gives PointsBet shareholders a higher price and removes the minimum acceptance condition.

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Deals & M&A

Takeovers Panel receives betr application over MIXI’s PointsBet bid

Australia’s Takeovers Panel received an application from betr concerning MIXI’s takeover offer for PointsBet, the report said. Betr alleged that the timing of the competing bids could disadvantage shareholders and sought interim restrictions on MIXI processing acceptances. The Panel had not decided whether to conduct proceedings and said it would not comment on the application’s merits.

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