AUCyber Limited (ASX:CYB) Receives Increased Takeover Offer from 5GN
5GN Takeover Bid Update
AUCyber Limited (ASX: CYB) has acknowledged the revised takeover bid from 5G Networks Limited (ASX: 5GN). 5GN has increased its offer for AUCyber shares to $0.135, representing a 22.7% uplift from the previous offer. This latest offer has been designated as ‘last and final.’
The bid is set to close at 4:00pm Melbourne time on Thursday, 6 February 2025. AUCyber’s Board will evaluate this revised offer and is expected to provide guidance to shareholders prior to market opening on 29 January 2025. Until that time, AUCyber shareholders are advised to take no action regarding the offer.
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