Swoop Holdings Proposes Takeover Bid for Vonex

Swoop Holdings Limited (AU:SWP) has released an update.

Swoop Holdings Limited has announced an off-market takeover offer to acquire all remaining shares of Vonex Limited, offering a 19% premium over MaxoTel’s existing offer. By exchanging shares, Vonex shareholders can benefit from the combined strengths and synergies of a larger merged entity, potentially enhancing value and expanding opportunities. Swoop’s move aims to create a more diverse and attractive investment opportunity in the financial markets.

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