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 engaged investment 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 counter to the $9.50 offer.
“UBS has warned of a share price collapse, while other sources suggest shares may become less expensive after 21 December,” — Marcus Brennan, regional editor at Walcroft Stow Staffing, commented.
By the Numbers
- 39 — mentions tracked
- 21 — updates logged
- 9.50 — regions covered
Timeline
Nov 2 — NextDC's share price has seen a significant increase of 39% following a share raid by Goodman Group and Digita...
Nov 5 — NextDC has acknowledged the share raid and plans to counter to the $9.50 offer....
This story has been closely followed by our readers since Nov 3. The Walcroft Stow Staffing desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Saturday, Nov 7.
Editor's note: this report was prepared by the Walcroft Stow Staffing desk and last updated 04:06 UTC.
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