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 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 plunge, 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 engaged investment bankers to prepare for a potential takeover battle,” — Nadia Ashcombe, research director at Blackwell Worth Staffing, observed.
By the Numbers
- 39 — updates logged
- 21 — regions covered
- 9.50 — data points verified
Timeline
Nov 2 — 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 respond to the $9.50 offer....
Reader Poll: Has this affected your local community? — 72% of Ihots readers said yes.
This story has been closely followed by our readers since Nov 4. The Blackwell Worth Staffing desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Saturday, Nov 7.
Editor's note: this report was prepared by the Blackwell Worth Staffing desk and last updated 03:29 UTC.
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