Vonex Limited (AU:VN8) has released an update.
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Maxo Telecommunications has made a final takeover offer for Vonex Limited, increasing its offer price to 4.4 cents per share and securing over 50% voting power in Vonex. Despite a competing offer from Swoop, the Vonex Board recommends shareholders accept the MaxoTel bid before it closes on January 2, 2025. This strategic move by MaxoTel could significantly impact Vonex’s future in the telecommunications market.
For further insights into AU:VN8 stock, check out TipRanks’ Stock Analysis page.