NextDC under siege as Goodman and Digital Realty snap up 9.9pc stake
The Australian industrial property developer and its New York-listed partner acquired their shares at an average price of $9.22.
The Australian industrial property developer and its New York-listed partner acquired their shares at an average price of $9.22.
Make no mistake, this is Greg Goodman marking his territory as NextDC morphs into a sitting duck M&A target.
The data centre group has tapped Barrenjoey and UBS as advisers on any potential approach after its shares were raided by Goodman Group and its US partner.
The duo offered $9.50 per share and have struck at a time when NextDC is hurting from a sharp decline in its share price following delays at its M3 site in Melbourne
NextDC shares surged more than 40% Thursday morning after Goodman Group and Digital Realty sought to acquire up to a 9.9% stake.
The proptech business has been in freefall for some time despite multiple cash injections from its backer Metrics Credit Partners.