NextDC’s takeover bid now closed

Company News

by Anna Napoli

NextDC (ASX:NXT) has announced that its takeover bid for Asia Pacific Data Centre (ASX:AJD) Group has now closed.

The company now has a relevant interest in 98.86 per cent of AJD securities.

The technology company says all remaining shareholders will now have their shares compulsorily acquired receiving $2.00 per security at the end of acquisition process.

In a separate announcement released yesterday, Citi say it is no longer acting as a broker on behalf of NextDC in connection with the deal.

 Shares in NextDC (ASX:NXT) shares closed flat at $5.75 yesterday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.