Given this in the announcement today, it appears that the aus \ Canadian business is only roughly worth 25 cents.
Given the increased headline cash consideration, the PointsBet Board (Board) currently estimates the distribution of capital would now be approximately A$1.39 to A$1.44 per share3, in total (Proposed Distribution). The Proposed Distribution of capital is expected to be made over two tranches, with each tranche following shortly after each completion payment. The Company will commence the necessary process to facilitate the Proposed Distribution in the coming months, with the first tranche of approximately A$1.00 per share expected to be paid mid-September 20234
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