Australian bookmaker Pointsbet denies media speculation over takeover talks

PointsBet Holdings

11/11/2024 02:12

Nov 11 (Reuters) - Australian bookmaker Pointsbet
Holdings  PBH.AX  on Monday denied speculation that the firm
could soon be subject of a buyout bid worth more than A$300
million ($197.67 million) from an overseas suitor. 
    The Australian, had on Friday, reported that Pointsbet had
held several discussions with potential merger partners or
companies looking to acquire it. 
    Shares of the company, which gained as much as 16.4% to hit
their highest since February 2022 earlier on Monday, pared gains
and were last trading 11.3% higher.
    
($1 = 1.5177 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by Rashmi
Aich)
 ((Rishav.Chatterjee@thomsonreuters.com;))