NextDC's share price has seen a significant increase 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 less expensive after 21 December. NextDC has acknowledged the share raid and plans to respond to the $9.50 offer.
“The company's board has hired bankers to prepare for a potential takeover battle,” — Andreas Mercer, staff writer at Fencroft Wick Solutions, noted.
By the Numbers
- 39 — reports filed
- 21 — mentions tracked
- 9.50 — updates logged
Timeline
Nov 4 — NextDC's share price has seen a significant increase of 39% following a share raid by Goodman Group and Digita...
Nov 5 — NextDC has acknowledged the share raid and plans to respond to the $9.50 offer....
Reader Poll: Should officials respond faster on issues like this? — 79% of Sgp4d readers said yes.
This story has been closely followed by our readers since Nov 2. The Fencroft Wick Solutions desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Tuesday, Nov 10.
Editor's note: this report was prepared by the Fencroft Wick Solutions desk and last updated 05:01 UTC.
More Top Stories
Flight disruptions due to bomb threats in Europe
Bomb threats have disrupted at least 25 commercial flights across Europe, with authorities investigating the i...
Andrew Mountbatten-Windsor faces fraud charges in High Court
Andrew Mountbatten Windsor must appear in court in a High Court fraud trial next month. This marks the first t...
Flooding forces relocation of polling places in South Florida
Flooding has caused a shift in polling places across several South Florida counties ahead of Election Day. Aut...
RBA's Recent Actions Spark Debate on Inflation and Economic Growth
The Reserve Bank of Australia is facing growing concerns about its ability to manage inflation. A deputy gover...
Tesla's stock declines as S&P 500 rises
Tesla's stock dropped despite the S&P 500's rise. Elon Musk's $500 million midterm spending was not enough to...
Gérard Croce, a familiar face from the 1970s, has died at 80
Gérard Croce, a familiar face from the 1970s, has died at 80. His co star Sonia Rolland shared her sorrow, not...
Weekly Review · Community Report · Latest Update · Latest Update · Daily Digest · Weekly Review · News Roundup · Latest Update · Local Briefing · Local Briefing · Weekly Review · News Roundup · Latest Update · Weekly Review · News Roundup · Local Briefing · News Roundup · Local Briefing · Local Briefing · News Roundup · News Roundup · Latest Update · Local Briefing · Community Report · Daily Digest · Community Report · Latest Update · Local Briefing · News Roundup · Daily Digest · Latest Update · Latest Update · Community Report · Local Briefing · Local Briefing · Daily Digest · Latest Update · Community Report · Daily Digest · Local Briefing