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Vonex Shares Suspended Amid Takeover Offer

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Vonex Shares Suspended Amid Takeover Offer

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The latest update is out from Vonex Limited ( (AU:VN8) ).

Vonex Limited’s ordinary fully paid deferred shares (VN8N) have been suspended from quotation on the ASX, pending the completion of an off-market takeover offer from Swoop Telecommunications Pty Ltd. This move aims to acquire the remaining issued capital in Vonex that Swoop does not currently own, signaling potential consolidation in the telecommunications sector.

More about Vonex Limited

Vonex Limited operates in the telecommunications industry, providing a range of communication services and products. The company’s market focus includes telecommunication solutions, serving both individual and corporate clients.

YTD Price Performance: -7.50%

Average Trading Volume: 2,221,583

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$27.09M

Find detailed analytics on VN8 stock on TipRanks’ Stock Analysis page.

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