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 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 plunge, while other sources suggest shares may become more affordable 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,” — Andreas Mercer, regional editor at Norstone Cliff Solutions, commented.
By the Numbers
- 39 — data points verified
- 21 — sources cross-checked
- 9.50 — reports filed
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: Do you expect this story to develop further? — 53% of Morcav readers said yes.
This story has been closely followed by our readers since Nov 1. The Norstone Cliff Solutions 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 Norstone Cliff Solutions desk and last updated 03:56 UTC.
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