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Nextdc Surges on Report of Goodman, Digital Realty Buying Stake

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Nextdc Surges on Report of Goodman, Digital Realty Buying Stake Nextdc Ltd. shares jumped the most since 2010 after the Australian Financial Review reported that data-center developer peers Goodman Group and US-listed Digital Realty Trust Inc. had taken a substantial interest in the company. The shares surged as much as 39% in Sydney trading. Goodman and Digital Realty are seeking to acquire a 9.9% stake and bought shares at A$9.50 apiece, the AFR reported Wednesday after the market close.

Nextdc Surges on Report of Goodman, Digital Realty Buying Stake Nextdc Ltd. shares jumped the most since 2010 after the Australian Financial Review reported that data-center developer peers Goodman Group and US-listed Digital Realty Trust Inc. had taken a substantial interest in the company. The shares surged as much as 39% in Sydney trading. Goodman and Digital Realty are seeking to acquire a 9.9% stake and bought shares at A$9.50 apiece, the AFR reported Wednesday after the market close. That price represents a 45% premium to Nextdc’s Wednesday close of A$6.53.
Nextdc Surges on Report (ORG) Goodman (ORG) Digital Realty Buying (ORG) Nextdc Ltd. (ORG) the Australian Financial Review (ORG) Goodman Group (ORG) US (LOCATION) Digital Realty Trust Inc. (ORG) Sydney (LOCATION) Digital Realty (ORG) AFR (ORG) Nextdc (ORG)
Originally published by Bloomberg Technology Read original →