Brief: Pointsbet Recommends Fanatic's Improved Proposal Of $225 Million

PointsBet Holdings

28/06/2023 02:09

June 28 (Reuters) - Pointsbet Holdings Ltd  PBH.AX :
    * RECOMMENDS FANATIC'S IMPROVED PROPOSAL OF US$225 MILLION
    * ON 26 JUNE FANATICS BETTING AND GAMING SUBMITTED IMPROVED
PROPOSAL TO PURCHASE POINTSBET'S US BUSINESS
    * ON 27 JUNE, COMPANY ENTERED INTO FIRST AMENDMENT TO STOCK
AND
EQUITY SALE AGREEMENT
    * BOARD DETERMINED THAT FBG TRANSACTION IS SUPERIOR IN
PRICING AND
CERTAINTY OF BEING ABLE TO COMPLETE ON TIMELY BASIS

Source text for Eikon:  ID:nASX5zP9pM 
Further company coverage:  PBH.AX 

 ((Reuters.Briefs@thomsonreuters.com;))