As a fight for score heats up, Betor entertainment Unveiled a new all-script offer, re-explaining its claim that there will be a high shareholder value as a result of a possible coordination Mixie Proposal.
Bates says its proposal is a better proposal
Short after giving this suggestion Did not work in harmony In choosing Mixie acquisition proposalThe Bates returned with a new proposal. Pointsbet shareholders in a letter, BETR, who holds an important stake in the Australian sportsbook, reiterated the possible value of the over Odd 400 million,
Bates President Matt Tripp expressed confidence in his company’s proposal and assured other shareholders that his team did not reduce the price of potential coordination, as the pointsbate had earlier suggested.
I am confident that it will create a sharp shareholder price for the shareholders of the pointsbate, the largest of which the Bats is the largest, with our company 19.9% ​​shares in the pointsbate.
Matte Trip, Chair, Betor
Sapping can be an amount of 47.5 meters
In his letter to other shareholders, Tripp said that the independent reasons for the Bats have been done by the leading firms Ernst and Young, Deloite and Arnold Baloch Liber. All three firms have decisively confirmed that AUD is a possible coordination of more than 40 million, in line with Bates’s earlier promises.
In fact, advisors upgrade our verified coordination estimates from us Aud 41.6 million To Aud 47.5 millionWe have great confidence in our ability to distribute according to our plan.
Matte Trip, Chair, Betor
Tripp concluded that the potential capitalized values ​​of these coordination may exceed alone Odd 400 million And so it forms a better proposal.
Bates updated its proposal
In addition to assuring his confidence in the value of the estimated coordination, Bates updated his proposal, submitted an all-script proposal. Under this deal, Bates will be offered 3.81 son shares For each pointbate share, which is equal to it Aud 1.22 Per pointsbate share.
Bates said that it intends to facilitate the selective purchase-back of the bets shares issued to the pointsbate shareholders, “allows them to receive them Aud 1.22 Instead for each pointbate share. This buyback offer will be capted Aud 180 millionAll allows to increase CAP until other conditions are met Aud 200 million,
Tripp stated that, unlike the Mixi proposal, the proposal would not be subject to any minimum acceptance position, which gives Pointsbet shareholders a high level certainty.
We have prepared the proposal on the basis of what we have heard from pointsbate shareholders-providing a quick passage to consider cash to seek immediate liquidity, while preserving the opportunity for you to participate in long-term value construction.
Matte Trip, Chair, Betor
Tripp reiterated Bates’s intentions to vote against Mixi Australia’s proposal and encouraged other shareholders to do so. He said that Mixi’s all-cash offer “fails to reflect the right price and capacity of their investment”.
