Swoop Reconfirms Unit's Intention to Acquire Vonex

MT Newswires Live

Nov 19, 2024

Swoop Holdings (ASX:SWP) reconfirmed its Swoop Telecommunications unit's plan to acquire Vonex (ASX:VN8) via a takeover offer, according to a Tuesday filing with the Australian bourse.

In September, Swoop acquired a 16.99% stake in Vonex at an average price of AU$0.04 per share, totaling around AU$2.5 million.

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.

Swoop expects over AU$5 million in earnings before interest, taxes, depreciation, and amortization on an annualized basis from the takeover.

The company also expects that pro forma revenue for the combined business for fiscal 2024 would take Swoop revenue to about AU$137 million.

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.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Easy breezy. No more feesies.","description":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","keywords":"Tiger Brokers,U.S. stock trading,Hong Kong stock trading,trading U.S. stocks,stock information,stock prices,U.S. stock quotes,U.S. stock trading,Hong Kong stock trading,IPO trading,buying U.S. stocks,global investment","social":{"ogDescription":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2484342189"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"NZL","license":"TBKIWI","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2484342189\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2484342189?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-19 08:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2484342189","market":"us","top_or_hot":-1,"title":"Swoop Reconfirms Unit's Intention to Acquire Vonex","media":"MT Newswires Live","content":"<html><body><p> Swoop Holdings (ASX:SWP) reconfirmed its Swoop Telecommunications unit's plan to acquire Vonex (ASX:VN8) via a takeover offer, according to a Tuesday filing with the Australian bourse.</p><p>In September, Swoop acquired a 16.99% stake in Vonex at an average price of AU$0.04 per share, totaling around AU$2.5 million.</p><p>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.</p><p>Swoop expects over AU$5 million in earnings before interest, taxes, depreciation, and amortization on an annualized basis from the takeover.</p><p>The company also expects that pro forma revenue for the combined business for fiscal 2024 would take Swoop revenue to about AU$137 million.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Swoop Reconfirms Unit's Intention to Acquire Vonex</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSwoop Reconfirms Unit's Intention to Acquire Vonex\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2024-11-19 08:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Swoop Holdings (ASX:SWP) reconfirmed its Swoop Telecommunications unit's plan to acquire Vonex (ASX:VN8) via a takeover offer, according to a Tuesday filing with the Australian bourse.</p><p>In September, Swoop acquired a 16.99% stake in Vonex at an average price of AU$0.04 per share, totaling around AU$2.5 million.</p><p>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.</p><p>Swoop expects over AU$5 million in earnings before interest, taxes, depreciation, and amortization on an annualized basis from the takeover.</p><p>The company also expects that pro forma revenue for the combined business for fiscal 2024 would take Swoop revenue to about AU$137 million.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7042","symbol_name":"综合电信业务","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2484342189","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484342189","pubTimestamp":1731976892,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Swoop Holdings  reconfirmed its Swoop Telecommunications unit's plan to acquire Vonex  via a takeover offer, according to a Tuesday filing with the Australian bourse.In September, Swoop acquired a 16.99% stake in Vonex at an average price of AU$0.04 per share, totaling around AU$2.5 million.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.Swoop expects over AU$5 million in earnings before interest, taxes, depreciation, and amortization on an annualized basis from the takeover.The company also expects that pro forma revenue for the combined business for fiscal 2024 would take Swoop revenue to about AU$137 million.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7042":"综合电信业务","VN8.AU":"VONEX LTD","BK7015":"非传统电信运营商","SWP.AU":"SWOOP HOLDINGS LTD"},"translate_title":"Swoop再次确认部门收购Vonex的意向","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VN8.AU":0.9,"SWP.AU":0.9},"content_text":"Swoop Holdings (ASX:SWP) reconfirmed its Swoop Telecommunications unit's plan to acquire Vonex (ASX:VN8) via a takeover offer, according to a Tuesday filing with the Australian bourse.In September, Swoop acquired a 16.99% stake in Vonex at an average price of AU$0.04 per share, totaling around AU$2.5 million.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.Swoop expects over AU$5 million in earnings before interest, taxes, depreciation, and amortization on an annualized basis from the takeover.The company also expects that pro forma revenue for the combined business for fiscal 2024 would take Swoop revenue to about AU$137 million.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}