Swoop Holdings Limited (ASX:SWP) Announces Off-Market Takeover Offer for Vonex Limited
Takeover Offer Details
Swoop Holdings Limited (ASX:SWP) has announced an off-market takeover offer to acquire up to 100% of the issued share capital of Vonex Limited. The offer proposes 1 Swoop Share for every 3.8 Vonex Shares held, implying a price of $0.050 per Vonex Share. The offer will close at 7pm Sydney time on 21 February 2025 and will not be extended.
Future Shareholding Intentions
Swoop Holdings holds a relevant interest in 22.84% of Vonex Shares and intends to take up its entitlement in full under Vonex’s Entitlement Offer. The company is assessing options regarding retention or disposal of its investment in Vonex and will update the market as required after the offer period closes.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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