NEXTDC (ASX:NXT) says it does not intend on supporting 360 Capital’s (ASX:TGP) takeover offer of Asia Pacific Data Centre (ASX:AJD).
Without the Data centre and hybrid cloud company, NEXTDC's support the takeover of the real estate investment trust, Asia Pacific Data Centre would not be passed.
Asia Pacific Data Centre says 360 Capital also submitted an alternative takeover proposal but that posed ‘significant risks and uncertainties’.
The company says there is no certainty that 360 Capital’s alternative takeover proposal is 'cabable' of being 'considered by shareholders'.
Shares in NEXTDC (ASX:NXT) are trading 0.76 lower to $4.58.