The market has seen few things as bizarre as ASX-listed bookmaker Pointsbet’s shareholder meeting on Wednesday, where investors were asked to vote on whether to accept a $402 million takeover bid from Japanese entertainment giant Mixi.
PointsBet’s biggest shareholder is its rival Betr, which made clear its intentions to vote against the proposal – all but killing it.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
