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Swoop Holdings Limited ( (AU:SWP) ) just unveiled an update.
Swoop Telecommunications Pty Ltd, a subsidiary of Swoop Holdings Limited, has announced an extension of the offer period for its off-market takeover bid to acquire up to 100% of the shares it does not already own in Vonex Limited. The offer period has been extended until 7 pm on 31 January 2025, allowing stakeholders additional time to consider the proposal. This move could potentially enhance Swoop’s market position by consolidating its ownership in Vonex, thereby strengthening its foothold in the telecommunications sector.
More about Swoop Holdings Limited
Swoop Holdings Limited operates in the telecommunications industry, primarily focusing on providing internet services. The company, through its subsidiary Swoop Telecommunications Pty Ltd, is actively involved in expanding its market presence by acquiring shares in other telecom companies.
YTD Price Performance: 11.11%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €23.25M
For detailed information about SWP stock, go to TipRanks’ Stock Analysis page.
