Sept 26 (Reuters) - NEXTDC Ltd (NXT)
- Refers to bidder's statement for takeover offer of Asia Pacific Data Centre Group by related entities of 360 Capital Group
- Proposed capital distribution raises APDC'S debt to imprudent levels, not in best interests of all APDC securityholders, including co
- TGP is proposing to increase APDC'S debt to $100 million in order to fund a $0.65 capital distribution
- Notes that 360 Capital has insufficient sources of funds to acquire all remaining APDC securities in which it does not have relevant interest
- Distribution financially assists 360 Capital in its purchase of APDC securities & would require approval by special resolution
- Co's 29.2 percent blocking interest in APDC securities would preclude TGP from achieving requisite 75 percent voting threshold
News: NXT NEXTDC updates on takeover offer of APDC by related entities of 360 Capital
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Last
$14.27 |
Change
-0.070(0.49%) |
Mkt cap ! $9.250B | |||
| Open | High | Low | Value | Volume |
| $14.51 | $14.63 | $14.24 | $5.078M | 351.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 630 | $14.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.27 | 1016 | 10 |
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| NXT (ASX) Chart |