Vonex Limited (AU:VN8) has released an update.
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Swoop Holdings Limited has announced an off-market takeover offer to acquire all remaining shares of Vonex Limited, offering a premium on the current market price. The strategic acquisition is expected to bring synergy benefits, potentially exceeding $5 million in annualized EBITDA, by combining the customer bases and operational strengths of both companies. The offer provides Vonex shareholders with an opportunity to exchange their shares for Swoop shares, offering potential growth in a larger telecommunications entity.
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