BRIEF-Vonex Says Interprets Swoop Offer Will Not Include Cash Component Or Alternative

Reuters

20 Nov 2024

BRIEF-Vonex Says Interprets Swoop Offer Will Not Include Cash Component Or Alternative

Nov 20 (Reuters) - Vonex VN8.AX:

VONEX INTERPRETS THIS TO MEAN THAT OFFER WILL NOT INCLUDE A CASH COMPONENT OR ALTERNATIVE
VONEX BOARD IS CONCERNED THAT CONTINUED DELAY IN A FORMAL OFFER FROM SWOOP MAY RESULT IN VONEX SHAREHOLDERS FOREGOING OPEN MAXOTEL OFFER
LACK OF CASH COMPONENT OR ALTERNATIVE AND CONDITIONAL NATURE OF OFFER MAKES IT DIFFICULT TO VIEW SWOOP'S PROPOSED OFFER SUPERIOR TO MAXOTEL
REFERS TO SWOOP HOLDINGS OFF-MARKET TAKEOVER OFFER

Further company coverage: VN8.AX

((Reuters.Briefs@thomsonreuters.com;))

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