Vonex Limited (AU:VN8) has released an update.
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Vonex Limited has agreed to a takeover by MaxoTel, with MaxoTel offering a significant 108% premium over Vonex’s last closing share price, valued at 3.75 cents per share. The deal, recommended unanimously by Vonex’s Board, is subject to approval by Vonex shareholders and customary regulatory conditions. Shareholders are assured a cash certainty for their shares, with the acquisition expected to be completed around October 2024.
For further insights into AU:VN8 stock, check out TipRanks’ Stock Analysis page.