interesting article in the australian about all this.
i wont re post for ip reasons but google it and easy to find full text.
they correctly state that due to the nature of the proposal (cash + capital distribution) 75% of holders need to approve it. given nxt hold 21%, then if 4% dont vote due to just not getting around to it etc, thats enough to make it fail.
other deal/structural options still on the table but im not sure nxt should rush to offer $2 or more.
either way, 360 group win and nxt lose at present: they either overpay or miss out and it undermines security etc.
News: NXT NEXTDC posts FY statutory net profit after tax of $23.0 mln, page-26
Add NXT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.93 |
Change
-0.320(1.75%) |
Mkt cap ! $10.76B | |||
| Open | High | Low | Value | Volume |
| $18.30 | $18.39 | $17.84 | $34.00M | 1.890M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 15366 | $17.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.98 | 191 | 1 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$17.97 |
Change
-0.320 ( 1.67 %) |
||||
| Open | High | Low | Volume | ||
| $18.31 | $18.35 | $17.85 | 581004 | ||
| Last updated 15.59pm 17/06/2024 ? | |||||
| NXT (ASX) Chart |
