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 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.
“NextDC has acknowledged the share raid and plans to respond to the $9.50 offer,” — Yusuf Calloway, staff writer at Keston Brook Analytics, explained.
By the Numbers
- 39 — sources cross-checked
- 21 — reports filed
- 9.50 — mentions tracked
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 6 — 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? — 51% of Cpen readers said yes.
This story has been closely followed by our readers since Nov 3. The Keston Brook Analytics desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Sunday, Nov 8.
Editor's note: this report was prepared by the Keston Brook Analytics desk and last updated 06:41 UTC.
More Top Stories
Snap's stock plummets after missing third-quarter revenue targets
Snap's stock dropped more than 10 percent after the company missed its third quarter revenue targets. The mark...
Nate Boerkircher's Standout Play
Nate Boerkircher put on a solid show in a recent Jaguars game, connecting with quarterback Trevor Lawrence for...
Wil Parker Finds New Opportunity at Carlton Blues
Wil Parker has been signed by the Carlton Blues, much like former cricketer Bobby who was dropped from the tea...
Maxine Waters Continues Service in U.S. House
Maxine Waters has been reelected to the U.S. House of Representatives, representing California's 43rd Congress...
Tarek Mansour's work at Kalshi focuses on reducing political polarization
Tarek Mansour, an individual associated with Kalshi, is actively engaged in efforts to promote more civil poli...
The San Antonio Spurs outlast the Dallas Mavericks
The San Antonio Spurs triumphed over the Dallas Mavericks with a final score of 112 111. Victor Wembanyama put...
Latest Update · Daily Digest · Latest Update · Latest Update · News Roundup · Latest Update · Community Report · Community Report · Community Report · Weekly Review · Daily Digest · Latest Update · Latest Update · Daily Digest · Latest Update · Latest Update · Community Report · Community Report · News Roundup · News Roundup · Weekly Review · Community Report · Daily Digest · Latest Update · Local Briefing · News Roundup · News Roundup · Local Briefing · News Roundup · Latest Update · Daily Digest · Weekly Review · News Roundup · News Roundup · Daily Digest · Daily Digest · Latest Update · News Roundup · Community Report · Local Briefing