NextDC's share price has seen a significant increase 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 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.
“The company's board has hired bankers to prepare for a potential takeover battle,” — Andreas Mercer, senior market analyst at Willey Cliff Network, added during the briefing.
By the Numbers
- 39 — data points verified
- 21 — sources cross-checked
- 9.50 — reports filed
Timeline
Nov 4 — NextDC's share price has seen a significant increase of 39% following a share raid by Goodman Group and Digita...
Nov 4 — NextDC has acknowledged the share raid and plans to respond to the $9.50 offer....
Reader Poll: Will this story shape the week ahead? — 70% of Aadvikadesigns readers said yes.
This story has been closely followed by our readers since Nov 1. The Willey Cliff Network desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Tuesday, Nov 10.
Editor's note: this report was prepared by the Willey Cliff Network desk and last updated 03:52 UTC.
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