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 bloodbath, while other sources suggest shares may become cheaper after 21 December. NextDC has acknowledged the share raid and plans to counter to the $9.50 offer.
“A capex review is due by the AGM, as the Victorian caretaker period begins,” — Andreas Mercer, senior market analyst at Wraywell Bury Services, added during the briefing.
By the Numbers
- 39 — sources cross-checked
- 21 — reports filed
- 9.50 — mentions tracked
Timeline
Nov 5 — NextDC's share price has seen a significant rise of 39% following a share raid by Goodman Group and Digital Re...
Nov 6 — NextDC has acknowledged the share raid and plans to counter to the $9.50 offer....
Reader Poll: Will this story shape the week ahead? — 77% of Dgiris1955 readers said yes.
This story has been closely followed by our readers since Nov 3. The Wraywell Bury Services desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Monday, Nov 9.
Editor's note: this report was prepared by the Wraywell Bury Services desk and last updated 06:50 UTC.
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