Vonex Limited (AU:VN8) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Vonex Limited has increased its takeover offer for MaxoTel to 4.19 cents per share, a substantial premium over the previous closing prices, offering shareholders a 100% cash payout. Despite a competing, non-binding proposal from Swoop to acquire Vonex, the Vonex Board recommends shareholders to accept the MaxoTel offer, noting it provides greater certainty and value. Vonex is preparing a supplementary Scheme Booklet to provide shareholders with updated information on the revised offer and voting procedures.
For further insights into AU:VN8 stock, check out TipRanks’ Stock Analysis page.