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AUCyber Board Urges Shareholders to Accept 22.7% Higher Takeover Bid from 5G Networks
7:03pm on Monday 2nd of June, 2025 AEST
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AUCyber Board Urges Shareholders to Accept 22.7% Higher Takeover Bid from 5G Networks
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
5G Networks raises takeover bid by 22.7% to 13.5 cents per AUCyber share
AUCyber Board unanimously recommends acceptance absent superior proposal
Competing takeover proposal withdrawn, no other superior offers emerged
AUCyber’s financial viability remains uncertain with cash burn continuing
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