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 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 less expensive after 21 December. NextDC has acknowledged the share raid and plans to react to the $9.50 offer.
“UBS has warned of a share price plunge, while other sources suggest shares may become less expensive after 21 December,” — Victor Fenwick, staff writer at Elmcroft Ham Solutions, explained.
By the Numbers
- 39 — updates logged
- 21 — regions covered
- 9.50 — data points verified
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 5 — 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 5. The Elmcroft Ham Solutions desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Wednesday, Nov 11.
Editor's note: this report was prepared by the Elmcroft Ham Solutions desk and last updated 04:36 UTC.
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