tiprankstipranks
Company Announcements

Swoop Extends Takeover Offer Period for Vonex Limited

Story Highlights
  • Swoop Telecommunications has extended its offer to acquire all remaining shares of Vonex Limited until 21 February 2025.
  • This extension provides Vonex stakeholders with more time to consider the takeover offer and its implications.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Swoop Extends Takeover Offer Period for Vonex Limited

Discover the Best Stocks and Maximize Your Portfolio:

Vonex Limited ( (AU:VN8) ) just unveiled an update.

Swoop Telecommunications Pty Ltd, a subsidiary of Swoop Holdings Limited, has announced an extension to its off-market takeover offer to acquire the remaining shares in Vonex Limited that it does not already own. The offer period has been extended to remain open until 7 pm on 21 February 2025, allowing more time for shareholders to accept the offer. This strategic move indicates Swoop’s ongoing efforts to consolidate its position in the telecommunications industry by fully integrating Vonex Limited. The extension may impact Vonex stakeholders who are evaluating the offer, providing them with additional time to make informed decisions.

More about Vonex Limited

YTD Price Performance: -10.0%

Average Trading Volume: 2,297,431

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$27.09M

See more insights into VN8 stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1