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Sovereign Cloud Holdings Ltd. ( (AU:CYB) ) has shared an announcement.
Sovereign Cloud Holdings Ltd. announced an increase in the offer price for AuCyber Limited shares to $0.135 per share as part of an on-market takeover bid by 5G Networks Limited. This move, facilitated by Morgans Financial Limited, highlights 5GN’s strategic interest in expanding its stake, which currently stands at 10.74%, in AuCyber Limited. The offer remains open until February 6, 2025, unless extended or withdrawn, reflecting 5GN’s commitment to strengthening its position in the cybersecurity market.
More about Sovereign Cloud Holdings Ltd.
YTD Price Performance: -16.67%
Average Trading Volume: 130,260
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$20.45M
See more insights into CYB stock on TipRanks’ Stock Analysis page.
