LA Private

June 28, 2023

PointsBet board backs FBG’s enhanced US$225m proposal

Fanatics Betting and Gaming has made an improved proposal to acquire PointsBet’s (ASX:PBH) US business for a headline cash consideration of US$225 million (~A$333 million), representing a 50% increase compared to the previous bid. The PointsBet Board unanimously recommends accepting FBG’s offer, citing the higher price and the certainty of timely completion. The transaction will […]

PointsBet board backs FBG’s enhanced US$225m proposal Read More »

Stocks of the Hour: Raiden Resources, Encounter Resources, Stellar Resources

Raiden Resources (ASX:RDN) has entered into a transaction to acquire an 80 per cent interest in the Welcome Exploration tenements. These are located in the Pilbara region of WA. Dusko Ljubojevic, MD of Raiden, commented: “With credit to Raiden’s management team, the company has managed to secure prospective ground immediately adjacent to one of the

Stocks of the Hour: Raiden Resources, Encounter Resources, Stellar Resources Read More »