BetMakers Moves Toward Tabcorp Takeover Under Proposed Scheme
BetMakers Technology Group Limited (ASX: BET) has entered into a binding agreement with Tabcorp Holdings Limited for the proposed acquisition of all BetMakers shares through a scheme of arrangement. Under the proposal, investors would receive AU$0.24 in cash for each BetMakers share, valuing the company’s fully diluted equity at approximately AU$283 million and implying an enterprise valuation of around AU$267 million. The proposed price stands above BetMakers’ recent trading averages, representing premiums of approximately 41%, 42% and 37% against its one-month, three-month and six-month VWAPs, respectively. Investors can also choose to take a portion of the consideration in newly issued Tabcorp shares, although this alternative is limited to 25% of the overall transaction consideration. BetMakers’ directors have unanimously endorsed the proposal, provided no superior offer emerges and the independent expert determines that the scheme is in shareholders’ best interests. Implementation is anticipated during Q3 FY27, subject to the required shareholder, court and regulatory clearances.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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BetMakers Moves Toward Tabcorp Takeover Under Proposed Scheme
BetMakers Technology Group Limited (ASX: BET) has entered into a binding agreement with Tabcorp Holdings Limited for the proposed acquisition of all BetMakers shares through a scheme of arrangement. Under the proposal, investors would receive AU$0.24 in cash for each BetMakers share, valuing the company’s fully diluted equity at approximately AU$283 million and implying an enterprise valuation of around AU$267 million. The proposed price stands above BetMakers’ recent trading averages, representing premiums of approximately 41%, 42% and 37% against its one-month, three-month and six-month VWAPs, respectively. Investors can also choose to take a portion of the consideration in newly issued Tabcorp shares, although this alternative is limited to 25% of the overall transaction consideration. BetMakers’ directors have unanimously endorsed the proposal, provided no superior offer emerges and the independent expert determines that the scheme is in shareholders’ best interests. Implementation is anticipated during Q3 FY27, subject to the required shareholder, court and regulatory clearances.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au