NextDC's share price has seen a significant rise of 39% following a share raid by Goodman Group and Digital Realty. The company's board has appointed financial advisors 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 collapse, while other sources suggest shares may become less expensive after 21 December. NextDC has acknowledged the share raid and plans to respond to the $9.50 offer.
“A capex review is due by the AGM, as the Victorian caretaker period begins,” — Farah Vance, chief correspondent at Bramwell Stow Partnership, commented.
By the Numbers
- 39 — mentions tracked
- 21 — updates logged
- 9.50 — regions covered
Timeline
Nov 4 — NextDC's share price has seen a significant rise of 39% following a share raid by Goodman Group and Digital Re...
Nov 6 — NextDC has acknowledged the share raid and plans to respond to the $9.50 offer....
Reader Poll: Should officials respond faster on issues like this? — 51% of Dygacij readers said yes.
This story has been closely followed by our readers since Nov 2. The Bramwell Stow Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Monday, Nov 9.
Editor's note: this report was prepared by the Bramwell Stow Partnership desk and last updated 04:46 UTC.
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