betr Entertainement (ASX:BBT) said its proposed all-scrip off-market takeover offer for all of the fully paid ordinary shares in PointsBet Holdings (ASX:PBH) that it does not currently hold, to 4.735 betr shares for each PointsBet share held.
The company now has a 27.12% stake in PointsBet, the filing said.
The offer is expected to close on Sept. 25, the filing added.
Shares of betr Entertainment rose nearly 9% in recent Monday trade, while shares of PointsBet rose past 3%.
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