Vonex Limited (AU:VN8) has released an update.
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Vonex Limited advises shareholders to accept MaxoTel’s 4.4c cash offer, as Swoop’s takeover bid remains uncertain and lacks a cash alternative. The Vonex Board highlights that Swoop’s offer, dependent on financing approval, does not meet key conditions, urging shareholders to act before MaxoTel’s offer expires. With a Scheme of Arrangement also on the table, shareholders are recommended to consider the cash offer unless a better proposal emerges.
For further insights into AU:VN8 stock, check out TipRanks’ Stock Analysis page.