Iron Ore
98.85
(1.92%)
Lithium
42.35
0.59%
Gold
2,639.70
(0.53%)
Copper
4.11
(0.52%)
Oil
69.81
0.19%
Bitcoin
96,665.52
1.06%
USD/AUD
0.62
(0.22%)
FTSE 100
8,141.31
0.05%
Nikkei 225
40,281.16
1.54%
Dow Jones
43,325.80
0.29%
Hang Seng
20,090.46
0.03%
Iron Ore
98.85
(1.92%)
Lithium
42.35
0.59%
Gold
2,639.70
(0.53%)
Copper
4.11
(0.52%)
Oil
69.81
0.19%
Bitcoin
96,665.52
1.06%
USD/AUD
0.62
(0.22%)
FTSE 100
8,141.31
0.05%
Nikkei 225
40,281.16
1.54%
Dow Jones
43,325.80
0.29%
Hang Seng
20,090.46
0.03%
Iron Ore
98.85
(1.92%)
Lithium
42.35
0.59%
Gold
2,639.70
(0.53%)
Copper
4.11
(0.52%)
Oil
69.81
0.19%
Bitcoin
96,665.52
1.06%
USD/AUD
0.62
(0.22%)
FTSE 100
8,141.31
0.05%
Nikkei 225
40,281.16
1.54%
Dow Jones
43,325.80
0.29%
Hang Seng
20,090.46
0.03%
Iron Ore
98.85
(1.92%)
Lithium
42.35
0.59%
Gold
2,639.70
(0.53%)
Copper
4.11
(0.52%)
Oil
69.81
0.19%
Bitcoin
96,665.52
1.06%
USD/AUD
0.62
(0.22%)
FTSE 100
8,141.31
0.05%
Nikkei 225
40,281.16
1.54%
Dow Jones
43,325.80
0.29%
Hang Seng
20,090.46
0.03%
Iron Ore
98.85
(1.92%)
Lithium
42.35
0.59%
Gold
2,639.70
(0.53%)
Copper
4.11
(0.52%)
Oil
69.81
0.19%
Bitcoin
96,665.52
1.06%
USD/AUD
0.62
(0.22%)
FTSE 100
8,141.31
0.05%
Nikkei 225
40,281.16
1.54%
Dow Jones
43,325.80
0.29%
Hang Seng
20,090.46
0.03%
Iron Ore
98.85
(1.92%)
Lithium
42.35
0.59%
Gold
2,639.70
(0.53%)
Copper
4.11
(0.52%)
Oil
69.81
0.19%
Bitcoin
96,665.52
1.06%
USD/AUD
0.62
(0.22%)
FTSE 100
8,141.31
0.05%
Nikkei 225
40,281.16
1.54%
Dow Jones
43,325.80
0.29%
Hang Seng
20,090.46
0.03%
Iron Ore
98.85
(1.92%)
Lithium
42.35
0.59%
Gold
2,639.70
(0.53%)
Copper
4.11
(0.52%)
Oil
69.81
0.19%
Bitcoin
96,665.52
1.06%
USD/AUD
0.62
(0.22%)
FTSE 100
8,141.31
0.05%
Nikkei 225
40,281.16
1.54%
Dow Jones
43,325.80
0.29%
Hang Seng
20,090.46
0.03%
Iron Ore
98.85
(1.92%)
Lithium
42.35
0.59%
Gold
2,639.70
(0.53%)
Copper
4.11
(0.52%)
Oil
69.81
0.19%
Bitcoin
96,665.52
1.06%
USD/AUD
0.62
(0.22%)
FTSE 100
8,141.31
0.05%
Nikkei 225
40,281.16
1.54%
Dow Jones
43,325.80
0.29%
Hang Seng
20,090.46
0.03%
Iron Ore
98.85
(1.92%)
Lithium
42.35
0.59%
Gold
2,639.70
(0.53%)
Copper
4.11
(0.52%)
Oil
69.81
0.19%
Bitcoin
96,665.52
1.06%
USD/AUD
0.62
(0.22%)
FTSE 100
8,141.31
0.05%
Nikkei 225
40,281.16
1.54%
Dow Jones
43,325.80
0.29%
Hang Seng
20,090.46
0.03%
Iron Ore
98.85
(1.92%)
Lithium
42.35
0.59%
Gold
2,639.70
(0.53%)
Copper
4.11
(0.52%)
Oil
69.81
0.19%
Bitcoin
96,665.52
1.06%
USD/AUD
0.62
(0.22%)
FTSE 100
8,141.31
0.05%
Nikkei 225
40,281.16
1.54%
Dow Jones
43,325.80
0.29%
Hang Seng
20,090.46
0.03%
Iron Ore
98.85
(1.92%)
Lithium
42.35
0.59%
Gold
2,639.70
(0.53%)
Copper
4.11
(0.52%)
Oil
69.81
0.19%
Bitcoin
96,665.52
1.06%
USD/AUD
0.62
(0.22%)
FTSE 100
8,141.31
0.05%
Nikkei 225
40,281.16
1.54%
Dow Jones
43,325.80
0.29%
Hang Seng
20,090.46
0.03%
Iron Ore
98.85
(1.92%)
Lithium
42.35
0.59%
Gold
2,639.70
(0.53%)
Copper
4.11
(0.52%)
Oil
69.81
0.19%
Bitcoin
96,665.52
1.06%
USD/AUD
0.62
(0.22%)
FTSE 100
8,141.31
0.05%
Nikkei 225
40,281.16
1.54%
Dow Jones
43,325.80
0.29%
Hang Seng
20,090.46
0.03%
Iron Ore
98.85
(1.92%)
Lithium
42.35
0.59%
Gold
2,639.70
(0.53%)
Copper
4.11
(0.52%)
Oil
69.81
0.19%
Bitcoin
96,665.52
1.06%
USD/AUD
0.62
(0.22%)
FTSE 100
8,141.31
0.05%
Nikkei 225
40,281.16
1.54%
Dow Jones
43,325.80
0.29%
Hang Seng
20,090.46
0.03%
Iron Ore
98.85
(1.92%)
Lithium
42.35
0.59%
Gold
2,639.70
(0.53%)
Copper
4.11
(0.52%)
Oil
69.81
0.19%
Bitcoin
96,665.52
1.06%
USD/AUD
0.62
(0.22%)
FTSE 100
8,141.31
0.05%
Nikkei 225
40,281.16
1.54%
Dow Jones
43,325.80
0.29%
Hang Seng
20,090.46
0.03%
Iron Ore
98.85
(1.92%)
Lithium
42.35
0.59%
Gold
2,639.70
(0.53%)
Copper
4.11
(0.52%)
Oil
69.81
0.19%
Bitcoin
96,665.52
1.06%
USD/AUD
0.62
(0.22%)
FTSE 100
8,141.31
0.05%
Nikkei 225
40,281.16
1.54%
Dow Jones
43,325.80
0.29%
Hang Seng
20,090.46
0.03%
Iron Ore
98.85
(1.92%)
Lithium
42.35
0.59%
Gold
2,639.70
(0.53%)
Copper
4.11
(0.52%)
Oil
69.81
0.19%
Bitcoin
96,665.52
1.06%
USD/AUD
0.62
(0.22%)
FTSE 100
8,141.31
0.05%
Nikkei 225
40,281.16
1.54%
Dow Jones
43,325.80
0.29%
Hang Seng
20,090.46
0.03%
Iron Ore
98.85
(1.92%)
Lithium
42.35
0.59%
Gold
2,639.70
(0.53%)
Copper
4.11
(0.52%)
Oil
69.81
0.19%
Bitcoin
96,665.52
1.06%
USD/AUD
0.62
(0.22%)
FTSE 100
8,141.31
0.05%
Nikkei 225
40,281.16
1.54%
Dow Jones
43,325.80
0.29%
Hang Seng
20,090.46
0.03%
Iron Ore
98.85
(1.92%)
Lithium
42.35
0.59%
Gold
2,639.70
(0.53%)
Copper
4.11
(0.52%)
Oil
69.81
0.19%
Bitcoin
96,665.52
1.06%
USD/AUD
0.62
(0.22%)
FTSE 100
8,141.31
0.05%
Nikkei 225
40,281.16
1.54%
Dow Jones
43,325.80
0.29%
Hang Seng
20,090.46
0.03%
Iron Ore
98.85
(1.92%)
Lithium
42.35
0.59%
Gold
2,639.70
(0.53%)
Copper
4.11
(0.52%)
Oil
69.81
0.19%
Bitcoin
96,665.52
1.06%
USD/AUD
0.62
(0.22%)
FTSE 100
8,141.31
0.05%
Nikkei 225
40,281.16
1.54%
Dow Jones
43,325.80
0.29%
Hang Seng
20,090.46
0.03%
Iron Ore
98.85
(1.92%)
Lithium
42.35
0.59%
Gold
2,639.70
(0.53%)
Copper
4.11
(0.52%)
Oil
69.81
0.19%
Bitcoin
96,665.52
1.06%
USD/AUD
0.62
(0.22%)
FTSE 100
8,141.31
0.05%
Nikkei 225
40,281.16
1.54%
Dow Jones
43,325.80
0.29%
Hang Seng
20,090.46
0.03%
Vonex (ASX: $VN8) advises on takeover offers
- Author: Stock Piper
Vonex Limited takeover offers update
Vonex (ASX:VN8) is evaluating two takeover offers. The board recommends shareholders accept MaxoTel's unconditional cash offer of 4.4 cents per share. The Swoop offer, conditional on finance approval and a 50.1% share acquisition, raises concerns.
Vonex Limited's strategic response to offers
Vonex Limited is currently the target of two takeover offers. The board recommends its shareholders accept MaxoTel's all-cash offer, which provides immediate value. The Swoop offer, however, poses several concerns due to its conditional nature, including finance approval and liquidity of shares. Vonex is committed to a disciplined M&A strategy, focusing on growth in the IT and telecommunications sectors. The company is preparing a response to the Swoop offer and aims to maintain clear communication with shareholders.
Executive commentary on takeover offers
The Vonex Board recommends the MaxoTel offer due to its unconditional nature and the immediate value it provides to shareholders. There are significant concerns regarding the feasibility and benefits of the Swoop offer. Shareholders should refrain from taking any action on the Swoop offer until further notice.
VONEX LIMITED..
VN8 | ASX | Communication Services
0.0440(+0%)
At close 24/12 (AEDT)
Market cap
$15.9M
Volume
25,701
DY Yield
PE Ratio
52 Week Range
0.01 - 0.046
1YR Return
N / A
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