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 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.
“NextDC has acknowledged the share raid and plans to react to the $9.50 offer,” — Chloe Radcliffe, contributing analyst at Elmton Field Media, added during the briefing.
By the Numbers
- 39 — sources cross-checked
- 21 — reports filed
- 9.50 — mentions tracked
Timeline
Nov 3 — NextDC's share price has seen a significant jump of 39% following a share raid by Goodman Group and Digital Re...
Nov 6 — NextDC has acknowledged the share raid and plans to react to the $9.50 offer....
This story has been closely followed by our readers since Nov 2. The Elmton Field Media desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Saturday, Nov 7.
Editor's note: this report was prepared by the Elmton Field Media desk and last updated 06:28 UTC.
More Top Stories
Fazio's Campaign Strategy on Election Day
Ryan Fazio increased his campaign efforts on Election Day, competing against Governor Ned Lamont. Voters in Co...
Bavarian Economy Minister Hubert Aiwanger found dead
Hubert Aiwanger, the Bavarian Economy Minister, was found dead at age 55 in a Berlin hotel. Reports from multi...
U.S. states are passing measures to limit abortion rights
Several U.S. states have passed ballot measures defending abortion access. Voters have shown contradictory vie...
New beta details for World of Warcraft: Forever showcase class improvements
World of Warcraft: Forever beta development notes have been released. These notes showcase upgrades to class s...
Chef at La Costa dismissed for cultural dispute over pineapple pizza
An Italian chef at La Costa restaurant in Brisbane was fired for refusing to put pineapple on pizza . He said...
Lucy Chen's key ally is returning in the upcoming 'The Rookie' season
The upcoming ninth season of 'The Rookie' reveals the return of Lucy Chen's close associate. The show's filmin...