Swoop Holdings Boosts Stake in Vonex Limited

Swoop Holdings Limited (AU:SWP) has released an update.

Swoop Holdings Limited has increased its stake in Vonex Limited from 19.90% to 21.64% through a series of share acquisitions. This move comes as part of Swoop’s takeover offers for Vonex, where it exchanged 3.8 of its ordinary shares for each Vonex share accepted. Investors may see this as a strategic step by Swoop to consolidate its position in the telecommunications sector.

For further insights into AU:SWP stock, check out TipRanks’ Stock Analysis page.