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Vonex Limited ( (AU:VN8) ) has issued an announcement.
Vonex Limited has entered into a Scheme Implementation Deed with MaxoTel, which will acquire all remaining shares of Vonex it does not already own for 3.60 cents per share, representing an 80% premium over the last closing price. The Vonex Board recommends shareholders vote in favor of the scheme, which is expected to be implemented by October 2025, as it provides a significant premium and certainty of value for shareholders.
More about Vonex Limited
Vonex Limited is a telecommunications innovator known for its advanced communication solutions. The company focuses on providing telecommunication services and products, catering to a diverse market that includes both individual consumers and businesses.
Average Trading Volume: 116,152
Technical Sentiment Signal: Sell
Current Market Cap: A$15.05M
Learn more about VN8 stock on TipRanks’ Stock Analysis page.