GTN Ltd. (AU:GTN) has released an update.
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Viburnum Holdings has increased its stake in GTN Ltd., raising its voting power from 69.23% to 73.75% after acquiring additional ordinary shares. This acquisition comes as a result of Viburnum’s takeover offer, priced at $0.465 per share, which has been accepted by GTN shareholders. This strategic move positions Viburnum Holdings as a more influential player within GTN, potentially impacting the company’s future direction.
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