Vonex Limited (AU:VN8) has released an update.
Vonex Limited, a telecommunications company known for its innovative solutions and services for SMEs, has received a non-binding acquisition proposal from Swoop Holdings Limited, challenging the existing scheme of arrangement with Maxo Telecommunications Pty Limited. The offer from Swoop includes a mix of cash and shares, subject to conditions including credit approval and execution of a binding agreement. However, Vonex’s Board recommends that shareholders favor the original MaxoTel deal, as they await a potentially superior proposal.
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