Shares of Symbio Holdings (ASX:SYM) experienced a significant rise of 19.1% to A$2.68, triggered by Superloop’s revised acquisition offer.

Meanwhile, Superloop’s share performance remained static.

This surge places Symbio’s stocks on trajectory for their best performance since April 27.

Superloop presented their best and final non-binding indicative offer valuing Symbio at A$2.91 per share, marking a 29.3% premium to its last closing price.

The offer also takes into consideration a fully-franked dividend to Symbio shareholders of up to A$0.35 per share.

Symbio’s performance this year has proven positive, they boast a 44.2% increase year-to-date as of their latest close.

Symbio Holdings is a leading company specializing in streamlined telecommunication services.