NextDC's share price has seen a significant jump of 39% following a share raid by Goodman Group and Digital Realty. The company's board has hired bankers to prepare for a potential takeover battle. A capex review is due by the AGM, as the Victorian caretaker period begins. UBS has warned of a share price plunge, while other sources suggest shares may become less expensive after 21 December. NextDC has acknowledged the share raid and plans to react to the $9.50 offer.
“The company's board has hired bankers to prepare for a potential takeover battle,” — Andreas Mercer, staff writer at Greycroft Wick Partnership, noted.
By the Numbers
- 39 — reports filed
- 21 — mentions tracked
- 9.50 — updates logged
Timeline
Nov 3 — NextDC's share price has seen a significant jump of 39% following a share raid by Goodman Group and Digital Re...
Nov 4 — NextDC has acknowledged the share raid and plans to react to the $9.50 offer....
This story has been closely followed by our readers since Nov 2. The Greycroft Wick Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Tuesday, Nov 10.
Editor's note: this report was prepared by the Greycroft Wick Partnership desk and last updated 04:04 UTC.
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