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AUCyber Board Urges Swift Acceptance as 5GN Gains Control with Final Offer
5:38pm on Sunday 1st of June, 2025 AEST
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AUCyber Board Urges Swift Acceptance as 5GN Gains Control with Final Offer
5:38pm on Sunday 1st of June, 2025 AEST
Key Points
5GN acquires 50.71% voting power, gaining control of AUCyber
5GN's revised offer declared last and final, closing 17 February 2025
AUCyber Board unanimously recommends prompt acceptance absent superior proposal
Company faces heightened financial risks and will incur $1.9 million in transaction costs
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