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.
The latest announcement is out from Swoop Holdings Limited ( (AU:SWP) ).
Swoop Telecommunications Pty Ltd, a subsidiary of Swoop Holdings Limited, has issued a second supplementary bidder’s statement for its off-market takeover offer to acquire all shares it does not own in Vonex Limited. This move is part of Swoop’s strategic efforts to consolidate its position in the telecommunications sector by offering a revised consideration of one Swoop share for every 3.8 Vonex shares, potentially impacting both companies’ stakeholders.
More about Swoop Holdings Limited
Swoop Holdings Limited operates in the telecommunications industry, primarily through its subsidiary Swoop Telecommunications Pty Ltd. The company focuses on providing telecommunications services and is currently engaged in expanding its market presence by acquiring additional shares in Vonex Limited.
YTD Price Performance: 12.22%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €32.75M
Find detailed analytics on SWP stock on TipRanks’ Stock Analysis page.