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 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,” — Elena Iversen, policy watcher at Cedarstone Worth Network, observed.
By the Numbers
- 39 — mentions tracked
- 21 — updates logged
- 9.50 — regions covered
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: Will this story shape the week ahead? — 62% of Industrialelectricalwarehousenlh readers said yes.
This story has been closely followed by our readers since Nov 1. The Cedarstone Worth Network desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Saturday, Nov 7.
Editor's note: this report was prepared by the Cedarstone Worth Network desk and last updated 03:37 UTC.
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