score It has come forward to confirm that a technical mistake slant its results. Recently shareholder vote For the acquisition of the company by the Japanese tech firm MixieAfter reevaluating the results, it turns out that the deal will not be passed after all, Betor entertainment,

System error excluded Betles vote

Bake And Mixie Horn is closed score As the two want to acquire Australian sports betting company. While both had different approaches, they have been successful in crossing each other’s efforts to handle the company till now.

Yesterday’s shareholder vote vested that the vote holders of the pointsbate had reached the threshold to proceed with the Mixi Deal. Bates was quick to oppose the results and demand a recurrence, alleging that his vote was not taken into consideration.

For reference, Bats, 19.9% ​​is owned by stake In the numeral.

Numerous Mixi Deal took favorAccepted that the results of the vote were distorted by a system error. According to the pointsbate, this happened because its registry provider failed to process the proxy vote of the computer, the computer. From this it seems that Bates had canceled his vote, even if it was not.

Computershare later approached Pointsbet to confirm the mistake. And, after accounting for Bates’s vote, Pointsbate concluded that the Mixi proposal failed to pass after all.

BETR call pointsbate leaders are unprofessional

Needless to say, Bates was happy with the result. However, the company was not very happy to deal with Pointsbate’s vote. Bake Criticed pointsbate ledWho confidently claimed that Bates had canceled his vote, and said that the sportsbook operator should not have announced the result before confirming all the details.

The approach taken by the pointsbate was unprofessional and irresponsible, reflecting the failure of proper governance, and not only an error by Computershare as Pointsbet has suggested.

Botra statement

Back to the drawing board

The deal has been rejected, it is back to the drawing board for Mixi and Bet. The former company has now launched its backup plan, which is an off-market acquisition. The conditions of this deal remain largely unchanged, AUD 402 million with mixi valuing pointsbate, or AUD 1.20 per share. Mixie is confident that most of the numerical stakeholders have support, saying that 95%of all votes were in favor of its deal, except Bates.

Bates is also not ready to give up. Influenced by the rejection of the Mixi Scheme, the company is preparing a new acquisition proposal similarly. BETR remains firm on the fact that its proposal and synergy is that it will be very beneficial, resulting in a better shareholder value.