Swoop Holdings Limited (AU:SWP) has released an update.
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Vonex Limited has received an on-market takeover offer from MaxoTel to acquire all its shares at $0.042 each, slightly higher than the previous offer. Swoop Holdings, holding 19.9% of Vonex shares, has opposed the scheme, complicating approval. Vonex advises shareholders to await further statements before accepting the offer.
For further insights into AU:SWP stock, check out TipRanks’ Stock Analysis page.