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 collapse, while other sources suggest shares may become more affordable after 21 December. NextDC has acknowledged the share raid and plans to respond to the $9.50 offer.
“NextDC's share price has seen a significant jump of 39% following a share raid by Goodman Group and Digital Realty,” — Elena Iversen, chief correspondent at Fenley Brook Partnership, commented.
By the Numbers
- 39 — regions covered
- 21 — data points verified
- 9.50 — sources cross-checked
Timeline
Nov 4 — 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 1. The Fenley Brook Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Fenley Brook Partnership desk and last updated 02:48 UTC.
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