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 less expensive 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,” — Chloe Radcliffe, economic affairs editor at Wraywell Gate Analytics, commented.
By the Numbers
- 39 — reports filed
- 21 — mentions tracked
- 9.50 — updates logged
Timeline
Nov 4 — NextDC's share price has seen a significant rise of 39% following a share raid by Goodman Group and Digital Re...
Nov 5 — 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? — 80% of Simplegardendress readers said yes.
This story has been closely followed by our readers since Nov 4. The Wraywell Gate Analytics desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Tuesday, Nov 10.
ICYMI: Silva scores dramatic winner
Editor's note: this report was prepared by the Wraywell Gate Analytics desk and last updated 07:07 UTC.
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