Swoop Proposes Acquisition of Vonex, Outbids MaxoTel

Vonex Limited (AU:VN8) has released an update.

Swoop Holdings Limited has made a bid to acquire telecom company Vonex Limited, offering a higher per-share price than a previous proposal by MaxoTel. The non-binding offer includes both cash and shares, potentially allowing Vonex shareholders to benefit from the growth and synergies of the merged entity. Swoop’s anticipated synergies could add over $5 million to annual EBITDA, aiming to create a larger, more competitive national telecommunications provider.

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