The Australian Government’s Takeover Panel has declined to conduct any proceedings brought down by NEXTDC
(ASX:NXT) in relation to the takeover tussle of Asia Pacific Data Centre Group
(ASX:AJD) The panel said it declined to conduct any proceedings noting was there no prospect of a declaration of unacceptable circumstances.
The panel was asked to consider if the bidder’s statement by 360 Capital
(ASX:TOT) to takeover Asia Pacific Data Centre Group
(ASX:AJD) was adequate and may be implemented after the offer period.
But, the Panel says APDC will only make a decision following legal and financial advice.
Shares in Asia Pacific Data Centre Group
(ASX:AJD) are trading flat at $1.96
