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AUCyber Board Urges Shareholders to Accept 22.7% Higher Takeover Bid from 5G Networks
8:59am on Wednesday 29th of January, 2025 AEDT
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AUCyber Board Urges Shareholders to Accept 22.7% Higher Takeover Bid from 5G Networks
8:59am on Wednesday 29th of January, 2025 AEDT
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Competing takeover proposal withdrawn, no other superior offers emerged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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