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 collapse, while other sources suggest shares may become cheaper 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 collapse, while other sources suggest shares may become cheaper after 21 December,” — Chloe Radcliffe, economic affairs editor at Walcroft Combe Solutions, noted.
By the Numbers
- 39 — data points verified
- 21 — sources cross-checked
- 9.50 — reports filed
Timeline
Nov 3 — NextDC's share price has seen a significant rise of 39% following a share raid by Goodman Group and Digital Re...
Nov 4 — NextDC has acknowledged the share raid and plans to react to the $9.50 offer....
Reader Poll: Do you expect this story to develop further? — 75% of Findingsmarket readers said yes.
This story has been closely followed by our readers since Nov 1. The Walcroft Combe Solutions desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Saturday, Nov 7.
Editor's note: this report was prepared by the Walcroft Combe Solutions desk and last updated 03:39 UTC.
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