Vonex Limited (ASX: VN8) has received an increased takeover bid from Maxo Telecommunications Pty. Ltd. The offer price has been raised to 4.4 cents per share. Vonex shareholders can sell their shares at this new price until December 2, 2024, on the ASX.
Maxo Telecommunications Pty. Ltd. has made an unconditional on-market takeover bid for Vonex Limited, increasing the offer price to 4.4 cents per share. Shareholders have until December 2, 2024, to sell their shares at the new price. Settlement will occur on a T+2 basis, with brokerage fees borne by the shareholders. Morgans Financial Limited is facilitating the bid. The increased offer price reflects MaxoTel's strategic approach to consolidate its holdings in Vonex. Shareholders must consider the offer alongside potential future values and associated costs.
Maxo Telecommunications Pty. Ltd. has increased the offer price for Vonex shares from 4.2 cents to 4.4 cents. This unconditional bid targets all fully paid ordinary shares not currently owned by MaxoTel.