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
$16.69 |
Change
0.390(2.39%) |
Mkt cap ! $9.605B | |||
| Open | High | Low | Value | Volume |
| $16.50 | $16.69 | $16.47 | $27.79M | 1.671M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9196 | $16.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.69 | 998 | 1 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
|
|||||
|
Last
$16.65 |
Change
0.390 ( 1.98 %) |
||||
| Open | High | Low | Volume | ||
| $16.51 | $16.69 | $16.47 | 306821 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| NXT (ASX) Chart |