Sovereign Cloud Holdings Ltd. (AU:CYB) has released an update.
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AUCyber Limited is at the center of a takeover battle as it receives a competing proposal from Brennan offering a 28% premium over the initial bid by 5G Networks. While the board advises shareholders to hold off on any action regarding the 5G offer, due diligence for Brennan’s proposal is underway. AUCyber, known for its secure cloud and cybersecurity services, is working closely with financial and legal advisers to navigate the offers.
For further insights into AU:CYB stock, check out TipRanks’ Stock Analysis page.
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