Swoop Holdings Limited (AU:SWP) has released an update.
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Swoop Holdings Limited has acquired a 19.9% stake in Vonex Limited and is actively opposing the acquisition by MaxoTel at $0.0419 per share, signaling its own intentions to make an improved offer for Vonex. The company remains in dialogue with Vonex’s board and promises to keep shareholders informed as developments occur.
For further insights into AU:SWP stock, check out TipRanks’ Stock Analysis page.