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.
The application could affect the timing and terms under which PointsBet shareholders consider competing bids.