5GN Takeover Bid

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Stock 5G Networks Ltd (5GN.ASX)
Release Time 28 Jan 2025, 12:09 p.m.
Price Sensitive Yes
 5GN Increases Takeover Bid for AUCyber
Key Points
  • 5G Networks Ltd has increased its takeover bid for AUCyber Limited by $0.025 (22.7%) to $0.135 per share
  • 5GN's revised offer has been declared 'last and final' and is scheduled to close on 6 February 2025
  • AUCyber's Board will consider the revised offer and provide further guidance to shareholders by 29 January 2025
Full Summary

AUCyber Limited (ASX: CYB) has received an increased takeover bid from 5G Networks Limited (ASX: 5GN). 5GN has raised its offer price by $0.025 (22.7%) to $0.135 per AUCyber share. The revised offer has been declared 'last and final' and is scheduled to close at 4:00pm (Melbourne time) on Thursday, 6 February 2025. AUCyber's Board of Directors will consider 5GN's revised offer and provide further guidance to AUCyber shareholders prior to market open on 29 January 2025. Until this time, AUCyber shareholders are advised to take no action. AUCyber Limited is an Australian sovereign provider of comprehensive cyber security, secure private cloud, and managed technology services. The company encompasses the award-winning AUCyber and AUCloud brands and serves prominent enterprise and government customers. AUCyber is recognized as one of the top 10 'Most Innovative Technology Companies' by the Australian Financial Review and has been named 'Employer of Choice' in the Australian Business Awards.