News: NXT Asia Pacific Data Centre updates on discussions with 360 Capital Group

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    Sept 8 (Reuters) - Asia Pacific Data Centre Group (AJD) :

    • Has been in extensive ongoing discussions with 360 Capital Group regarding development of its alternative proposal to acquire APDC securities
    • In considering alternative proposal, board informed 360 Capital that it is supportive of it submitting an all-cash, fully-funded takeover offer
    • Board is not supportive of a debt funded capital distribution of $0.65 per APDC security
    • Informed 360 Capital it does not propose to make capital distribution of $0.65 per APDC security as set out in proposal
    • Recommends that APDC securityholders accept NEXTDC offer of $1.87 cash per APDC security, in absence of a superior proposal
    • Remains open to 360 Capital to put forward an all-cash, fully-funded takeover bid at price exceeding NEXTDC offer
 
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Last
$14.38
Change
0.080(0.56%)
Mkt cap ! $9.209B
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No. Vol. Price($)
1 35 $14.38
 

Sellers (Offers)

Price($) Vol. No.
$14.44 1070 1
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