Swoop's Unit Extends Takeover Offer Period for Vonex; Shares Fall 5%

MT Newswires Live

2025/02/14

Swoop Holdings (ASX:SWP) subsidiary Swoop Telecommunications extended the takeover offer period for Vonex (ASX:VN8) to Feb. 21 from Feb. 14, according to a Friday filing with the Australian bourse.

As part of the takeover, the company intends to offer one fully paid-up Swoop Holdings share for every four Vonex shares at an implied price of AU$0.05 per Vonex share.

The offer remains unconditional, the filing said.

Swoop Holding's shares fell 5% on market close.

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