Swoop Holdings Limited (AU:SWP) has released an update.
Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Swoop Holdings Limited has increased its stake in Vonex Limited from 19.90% to 21.64% through a series of share acquisitions. This move comes as part of Swoop’s takeover offers for Vonex, where it exchanged 3.8 of its ordinary shares for each Vonex share accepted. Investors may see this as a strategic step by Swoop to consolidate its position in the telecommunications sector.
For further insights into AU:SWP stock, check out TipRanks’ Stock Analysis page.