Vonex Faces Takeover Bid from MaxoTel

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

Vonex Limited has received an unconditional on-market takeover offer from MaxoTel at $0.042 per share, slightly higher than a previous proposal. While Vonex’s directors consider the offer fair, they advise shareholders to await further guidance before taking action. Meanwhile, Swoop Holdings, which holds significant shares, has yet to present a competing proposal.

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