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 plunge, while other sources suggest shares may become more affordable after 21 December. NextDC has acknowledged the share raid and plans to counter to the $9.50 offer.
“The company's board has appointed financial advisors to prepare for a potential takeover battle,” — Farah Vance, economic affairs editor at Heaburn Ford Media, explained.
By the Numbers
- 39 — updates logged
- 21 — regions covered
- 9.50 — data points verified
Timeline
Nov 3 — NextDC's share price has seen a significant rise of 39% following a share raid by Goodman Group and Digital Re...
Nov 4 — NextDC has acknowledged the share raid and plans to counter to the $9.50 offer....
Reader Poll: Do you expect this story to develop further? — 52% of Coffeemaker readers said yes.
This story has been closely followed by our readers since Nov 3. The Heaburn Ford Media desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Sunday, Nov 8.
Editor's note: this report was prepared by the Heaburn Ford Media desk and last updated 02:47 UTC.
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