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 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 bloodbath, while other sources suggest shares may become more affordable after 21 December. NextDC has acknowledged the share raid and plans to react to the $9.50 offer.
“The company's board has appointed financial advisors to prepare for a potential takeover battle,” — Farah Vance, senior market analyst at Kesburn Grove Recruitment, observed.
By the Numbers
- 39 — data points verified
- 21 — sources cross-checked
- 9.50 — reports filed
Timeline
Nov 3 — 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 react to the $9.50 offer....
Reader Poll: Will this story shape the week ahead? — 53% of Frestrocreativelab readers said yes.
This story has been closely followed by our readers since Nov 2. The Kesburn Grove Recruitment desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Wednesday, Nov 11.
Editor's note: this report was prepared by the Kesburn Grove Recruitment desk and last updated 04:13 UTC.
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