Swoop Holdings Limited (AU:SWP) has released an update.
Swoop Holdings Limited has made a strategic move to acquire Vonex Limited with a non-binding offer that surpasses the existing bid by MaxoTel, offering $0.040 per share. The deal proposes a mix of cash and Swoop shares, potentially unlocking over $5.0m in annual EBITDA synergies and creating a larger, more robust telecommunications entity. Swoop’s Chairperson, James Spenceley, highlights the acquisition as a significant opportunity for growth and value creation for both Swoop and Vonex shareholders.
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