Vonex Receives Takeover Offers from Swoop and Maxo

Vonex Limited (AU:VN8) has released an update.

Vonex Limited has received a conditional takeover offer from Swoop Holdings, proposing a share exchange, contrasting with a cash offer from Maxo Telecommunications. The Swoop offer requires specific conditions to be met, including achieving a 50% ownership, which makes it less straightforward than the immediate cash deal from Maxo. Vonex’s board advises shareholders to wait for further evaluation before taking any action.

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