NEXTDC responds to $9.50 share raid
Key points
- Ackland Investments launched an aftermarket share raid seeking up to 9.9% of NEXTDC shares.
- Buyers offered $9.50 per share through an aftermarket book build open to institutional investors.
- The NEXTDC board described the move as opportunistic and noted no control proposal has been made.
NEXTDC (ASX:NXT) has responded to an aftermarket share raid seeking to acquire up to 9.9% of its ordinary shares at $9.50 per share.
The raid follows a Oct. 21 announcement regarding a power delay at its M3 Melbourne facility and revised FY27 guidance.
The book build was conducted by Ackland Investments No. 1, a vehicle jointly owned by Goodman Group (ASX:GMG) and Digital Realty Trust (NYSE:DLR).
NEXTDC stated it is not in possession of any takeover proposal.
Following the announcement, the NEXTDC share price was unchanged at $9.30.
Goodman and Digital Realty stated through their broker that they have no current intention of submitting a control proposal.
NEXTDC has appointed Barrenjoey Advisory, UBS Securities Australia, Cadence Advisory, and Mallesons to advise on the matter.
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