BlueBet Holdings(ASX:BBT) offered to acquire PointsBet Holdings (ASX:PBH) by way of a scheme of arrangement on the terms presented in a non-binding indicative offer on Feb. 18, according to a Wednesday Australian bourse filing.
The offer has a combined equity value of AU$340 million to AU$360 million through a cash pool of AU$240 million to AU$260 million, scrip consideration of AU$100 to AU$120 million, and with identified synergies expected to be at least AU$40 million anually, the filing said.
BlueBet's shares were down past 1% in recent Wednesday trade. PointsBet's shares jumped 30%, earlier reaching their highest since September 2023.
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