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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 Technology
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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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