Lithium
44.47
(0.47%)
Gold
2,670.00
0.3%
Copper
4.21
1.69%
Oil
70.15
2.92%
Bitcoin
95,302.22
(0.58%)
FTSE 100
8,359.41
0.56%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,679.20
(0.2%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
0.09%
Hang Seng
19,746.32
0.82%
Lithium
44.47
(0.47%)
Gold
2,670.00
0.3%
Copper
4.21
1.69%
Oil
70.15
2.92%
Bitcoin
95,302.22
(0.58%)
FTSE 100
8,359.41
0.56%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,679.20
(0.2%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
0.09%
Hang Seng
19,746.32
0.82%
Lithium
44.47
(0.47%)
Gold
2,670.00
0.3%
Copper
4.21
1.69%
Oil
70.15
2.92%
Bitcoin
95,302.22
(0.58%)
FTSE 100
8,359.41
0.56%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,679.20
(0.2%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
0.09%
Hang Seng
19,746.32
0.82%
Lithium
44.47
(0.47%)
Gold
2,670.00
0.3%
Copper
4.21
1.69%
Oil
70.15
2.92%
Bitcoin
95,302.22
(0.58%)
FTSE 100
8,359.41
0.56%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,679.20
(0.2%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
0.09%
Hang Seng
19,746.32
0.82%
Lithium
44.47
(0.47%)
Gold
2,670.00
0.3%
Copper
4.21
1.69%
Oil
70.15
2.92%
Bitcoin
95,302.22
(0.58%)
FTSE 100
8,359.41
0.56%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,679.20
(0.2%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
0.09%
Hang Seng
19,746.32
0.82%
Lithium
44.47
(0.47%)
Gold
2,670.00
0.3%
Copper
4.21
1.69%
Oil
70.15
2.92%
Bitcoin
95,302.22
(0.58%)
FTSE 100
8,359.41
0.56%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,679.20
(0.2%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
0.09%
Hang Seng
19,746.32
0.82%
Lithium
44.47
(0.47%)
Gold
2,670.00
0.3%
Copper
4.21
1.69%
Oil
70.15
2.92%
Bitcoin
95,302.22
(0.58%)
FTSE 100
8,359.41
0.56%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,679.20
(0.2%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
0.09%
Hang Seng
19,746.32
0.82%
Lithium
44.47
(0.47%)
Gold
2,670.00
0.3%
Copper
4.21
1.69%
Oil
70.15
2.92%
Bitcoin
95,302.22
(0.58%)
FTSE 100
8,359.41
0.56%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,679.20
(0.2%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
0.09%
Hang Seng
19,746.32
0.82%
Lithium
44.47
(0.47%)
Gold
2,670.00
0.3%
Copper
4.21
1.69%
Oil
70.15
2.92%
Bitcoin
95,302.22
(0.58%)
FTSE 100
8,359.41
0.56%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,679.20
(0.2%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
0.09%
Hang Seng
19,746.32
0.82%
Lithium
44.47
(0.47%)
Gold
2,670.00
0.3%
Copper
4.21
1.69%
Oil
70.15
2.92%
Bitcoin
95,302.22
(0.58%)
FTSE 100
8,359.41
0.56%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,679.20
(0.2%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
0.09%
Hang Seng
19,746.32
0.82%
Lithium
44.47
(0.47%)
Gold
2,670.00
0.3%
Copper
4.21
1.69%
Oil
70.15
2.92%
Bitcoin
95,302.22
(0.58%)
FTSE 100
8,359.41
0.56%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,679.20
(0.2%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
0.09%
Hang Seng
19,746.32
0.82%
Lithium
44.47
(0.47%)
Gold
2,670.00
0.3%
Copper
4.21
1.69%
Oil
70.15
2.92%
Bitcoin
95,302.22
(0.58%)
FTSE 100
8,359.41
0.56%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,679.20
(0.2%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
0.09%
Hang Seng
19,746.32
0.82%
Lithium
44.47
(0.47%)
Gold
2,670.00
0.3%
Copper
4.21
1.69%
Oil
70.15
2.92%
Bitcoin
95,302.22
(0.58%)
FTSE 100
8,359.41
0.56%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,679.20
(0.2%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
0.09%
Hang Seng
19,746.32
0.82%
Lithium
44.47
(0.47%)
Gold
2,670.00
0.3%
Copper
4.21
1.69%
Oil
70.15
2.92%
Bitcoin
95,302.22
(0.58%)
FTSE 100
8,359.41
0.56%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,679.20
(0.2%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
0.09%
Hang Seng
19,746.32
0.82%
Lithium
44.47
(0.47%)
Gold
2,670.00
0.3%
Copper
4.21
1.69%
Oil
70.15
2.92%
Bitcoin
95,302.22
(0.58%)
FTSE 100
8,359.41
0.56%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,679.20
(0.2%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
0.09%
Hang Seng
19,746.32
0.82%
Lithium
44.47
(0.47%)
Gold
2,670.00
0.3%
Copper
4.21
1.69%
Oil
70.15
2.92%
Bitcoin
95,302.22
(0.58%)
FTSE 100
8,359.41
0.56%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,679.20
(0.2%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
0.09%
Hang Seng
19,746.32
0.82%
Lithium
44.47
(0.47%)
Gold
2,670.00
0.3%
Copper
4.21
1.69%
Oil
70.15
2.92%
Bitcoin
95,302.22
(0.58%)
FTSE 100
8,359.41
0.56%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,679.20
(0.2%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
0.09%
Hang Seng
19,746.32
0.82%
Lithium
44.47
(0.47%)
Gold
2,670.00
0.3%
Copper
4.21
1.69%
Oil
70.15
2.92%
Bitcoin
95,302.22
(0.58%)
FTSE 100
8,359.41
0.56%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,679.20
(0.2%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
0.09%
Hang Seng
19,746.32
0.82%
Lithium
44.47
(0.47%)
Gold
2,670.00
0.3%
Copper
4.21
1.69%
Oil
70.15
2.92%
Bitcoin
95,302.22
(0.58%)
FTSE 100
8,359.41
0.56%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,679.20
(0.2%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
0.09%
Hang Seng
19,746.32
0.82%
Lithium
44.47
(0.47%)
Gold
2,670.00
0.3%
Copper
4.21
1.69%
Oil
70.15
2.92%
Bitcoin
95,302.22
(0.58%)
FTSE 100
8,359.41
0.56%
Nikkei 225
39,248.86
1.29%
Dow Jones
44,679.20
(0.2%)
Iron Ore
105.10
0.47%
USD/AUD
0.65
0.09%
Hang Seng
19,746.32
0.82%
Vonex (ASX: $VN8) receives takeover offer from Maxo
- Author: Stock Piper
Vonex takeover offer from MaxoTel
Vonex (ASX: VN8) has received an unconditional takeover offer from Maxo Telecommunications Pty Ltd. MaxoTel has proposed to acquire all shares in Vonex at $0.042 per share, offering a significant premium over recent trading prices. Vonex's directors unanimously recommend shareholders accept the offer, barring a superior proposal.
Summary of Vonex takeover and future outlook
Vonex has been presented with an on-market takeover offer from MaxoTel, providing an immediate cash value of $0.042 per share, which is a substantial premium over its recent trading price. This offer is unconditional, adding to its appeal as it provides certainty to shareholders. The directors of Vonex have recommended this offer over a competing proposal from Swoop Holdings Limited due to its unconditional nature and the premium provided. The Swoop offer is conditional and involves exchanging Vonex shares for Swoop shares, which introduces uncertainty regarding value. The recommendation by Vonex's board emphasizes the perceived security and value of MaxoTel's offer in light of Vonex's current financial challenges, including significant debt and the potential need for further capital. The offer by MaxoTel remains open until December 2, 2024, providing shareholders with time to consider their options carefully.
Executive commentary on Vonex takeover
The directors of Vonex unanimously recommend that shareholders accept the MaxoTel offer in the absence of a superior proposal.
VONEX LIMITED..
VN8 | ASX | Communication Services
0.044-0.001(-2.22%)
At close 02/12 (AEDT)
Market cap
$16.3M
Volume
1,094,352
DY Yield
PE Ratio
52 Week Range
0.01 - 0.046
1YR Return
N / A
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