Swoop Holdings' (ASX:SWP) subsidiary Swoop Telecommunications extended the takeover offer period for Vonex (ASX:VN8) to Feb. 14 from the original deadline of Jan. 31, according to a Tuesday 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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.