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 cheaper after 21 December. NextDC has acknowledged the share raid and plans to respond to the $9.50 offer.
“The company's board has hired bankers to prepare for a potential takeover battle,” — Marcus Brennan, senior market analyst at Birwell Grove Analytics, added during the briefing.
By the Numbers
- 39 — sources cross-checked
- 21 — reports filed
- 9.50 — mentions tracked
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 5 — NextDC has acknowledged the share raid and plans to respond to the $9.50 offer....
This story has been closely followed by our readers since Nov 3. The Birwell Grove Analytics desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Birwell Grove Analytics desk and last updated 04:00 UTC.
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