PointsBet Holdings Limited has a trading halt on the Australian Securities Exchange until normal trading begins on Wednesday, June 28, or until the company releases an announcement to the market, which likely centers around several bids to purchase the company s U.S. assets.
PointsBet is currently mulling over two offers from Fanatics and to purchase its U.S. assets, with shareholders scheduled to vote on the on Friday, June 30.
However, the PointsBet Board of Directors is also considering a recent DraftKings.
Trading Halt Related to Material Transaction
In its official request, PointsBet asked for the halt to enable it to manage its continuous disclosure obligations in relations to a material transaction.
PointsBet noted in its request that it is n…