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Sovereign Cloud Holdings Ltd. ( (AU:CYB) ) has shared an update.
AUCyber Limited has received a confidential and non-binding takeover proposal from Interactive Pty Ltd for 100% of its ordinary shares at a cash offer of $0.165 per share. The proposal is subject to several conditions, including due diligence, board recommendations, and deal protection mechanisms. AUCyber’s Board is evaluating the proposal against a revised offer from 5GN and advises shareholders to take no action at this time. The impact of the proposal could potentially alter AUCyber’s market standing and operational control, but there is no certainty of a binding transaction yet.
More about Sovereign Cloud Holdings Ltd.
AUCyber Limited is an Australian publicly listed company that operates in the cyber security and secure private cloud industry. It provides managed technology services for enterprise and government clients, offering highly secure cloud infrastructure and consulting services. The company is recognized for its innovation and as an employer of choice, employing over 100 experts and holding key security accreditations.
YTD Price Performance: -3.33%
Average Trading Volume: 151,448
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$23.72M
See more insights into CYB stock on TipRanks’ Stock Analysis page.
