Brief: Vonex Says Interprets Swoop Offer Will Not Include Cash Component Or Alternative

Vonex

20/11/2024 01:13

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;))