Swoop Holdings Limited (AU:SWP) has released an update.
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Swoop Holdings Limited has confirmed its intent for an off-market takeover of Vonex Limited, offering one Swoop share for every four Vonex shares, representing a significant premium over current offers. This acquisition aims to create a stronger, larger-scale business with an anticipated $5 million EBITDA in synergies, presenting a more attractive investment opportunity. The formal offer details are expected to be released soon, allowing Vonex shareholders a chance to benefit from the combined entity’s growth potential.
For further insights into AU:SWP stock, check out TipRanks’ Stock Analysis page.
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