Swoop Holdings Makes Unconditional Takeover Offer for Vonex

Tip Ranks
2025.01.23 06:47
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Swoop Holdings Limited has announced that its off-market takeover offer for Vonex Limited is now unconditional, allowing it to acquire up to 100% of Vonex's issued share capital. Swoop currently holds a 21.42% voting power in Vonex. This strategic move aims to strengthen Swoop's position in the telecommunications sector. Swoop Holdings operates through its subsidiary, Swoop Telecommunications Pty Ltd, focusing on expanding its market presence through acquisitions.