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
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Last
$14.30 |
Change
-0.045(0.31%) |
Mkt cap ! $9.148B | |||
| Open | High | Low | Value | Volume |
| $14.51 | $14.63 | $14.24 | $7.368M | 512.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 811 | $14.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.30 | 623 | 9 |
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| Last trade - 12.33pm 27/06/2025 (20 minute delay) ? |
| NXT (ASX) Chart |