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Swoop Holdings Limited ( (AU:SWP) ) has shared an update.
Swoop Telecommunications Pty Ltd, a subsidiary of Swoop Holdings Limited, has announced an extension of its off-market takeover offer to acquire up to 100% of Vonex Limited’s shares that it does not already own. The offer period has been extended until 7 pm on 21 February 2025, providing shareholders additional time to accept the unconditional offer. This strategic move by Swoop aims to consolidate its position in the telecommunications sector, potentially impacting both companies’ market standings and shareholder interests.
More about Swoop Holdings Limited
Swoop Holdings Limited operates in the telecommunications industry through its subsidiary, Swoop Telecommunications Pty Ltd. The company primarily focuses on acquiring and expanding its market share by targeting other telecommunications companies, as evidenced by its takeover bid for Vonex Limited.
YTD Price Performance: 17.78%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €34.32M
See more data about SWP stock on TipRanks’ Stock Analysis page.