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 plunge, while other sources suggest shares may become cheaper after 21 December. NextDC has acknowledged the share raid and plans to respond to the $9.50 offer.
“The company's board has engaged investment bankers to prepare for a potential takeover battle,” — Owen Marlowe, staff writer at Greenton Stow Advisory, explained.
By the Numbers
- 39 — data points verified
- 21 — sources cross-checked
- 9.50 — reports filed
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 respond to the $9.50 offer....
Reader Poll: Should officials respond faster on issues like this? — 45% of Spanien-inside readers said yes.
This story has been closely followed by our readers since Nov 2. The Greenton Stow Advisory desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Monday, Nov 9.
Editor's note: this report was prepared by the Greenton Stow Advisory desk and last updated 04:50 UTC.
More Top Stories
Louisiana lottery players celebrate $50,000 jackpot victory
Louisiana lottery tickets claimed $50,000 in Monday's drawing. Two big wins were confirmed Saturday at Circle...
Controversy Surrounds Senator Josh Hawley
Senator Josh Hawley is facing escalating criticism. His religious beliefs and family connections are being que...
U.S. states are passing measures to limit abortion rights
Several U.S. states have passed ballot measures defending abortion access. Voters have shown divided opinions...
Vancouver Music Scene Excited for Smashing Pumpkins
The Smashing Pumpkins are set to perform in Vancouver, marking 30 years of their iconic album. Fans are excite...
Ciara Mageean's husband chooses wedding suit for her funeral
Ciara Mageean's husband attended her funeral in a wedding suit. A mother carried her daughter's coffin. The Ir...
Jessica Chastain's horror movie faces withdrawal
Jessica Chastain's horror movie has been removed from a significant number of screens, as it nears its $100 mi...
Local Briefing · News Roundup · Latest Update · News Roundup · News Roundup · News Roundup · Weekly Review · Local Briefing · Local Briefing · Community Report · Weekly Review · Latest Update · Local Briefing · News Roundup · Community Report · Daily Digest · Local Briefing · Community Report · News Roundup · Weekly Review · Community Report · Daily Digest · News Roundup · News Roundup · Weekly Review · Latest Update · Community Report · News Roundup · News Roundup · Community Report · Weekly Review · Weekly Review · Community Report · Daily Digest · Latest Update · Daily Digest · Weekly Review · Daily Digest · News Roundup · Local Briefing