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Swoop Holdings Limited ( (AU:SWP) ) has shared an update.
Swoop Telecommunications Pty Ltd, a subsidiary of Swoop Holdings Limited, has extended its off-market takeover offer for Vonex Limited, extending the acceptance period to 14 February 2025. This move is part of Swoop’s strategy to acquire up to 100% of Vonex’s shares, which they do not currently own, reinforcing their position in the telecommunications sector. The offer, previously unconditional, remains open for stakeholders who have yet to respond, potentially impacting Vonex’s market dynamics and shareholder compositions.
More about Swoop Holdings Limited
Swoop Holdings Limited operates in the telecommunications industry through its subsidiary, Swoop Telecommunications Pty Ltd. The company focuses on acquiring shares in other telecommunications firms, as demonstrated by its recent bid to acquire Vonex Limited.
YTD Price Performance: 6.74%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €21.99M
For a thorough assessment of SWP stock, go to TipRanks’ Stock Analysis page.