NEXTDC acquires 97% interest in APDC

Company News

by Rachael Jones

Data centre operator, NEXTDC (ASX:NXT), is pleased to advise that it now has a relevant interest in 97 per cent of the stapled securities of Asia Pacific Data Centre Group (ASX:AJD)

Under the terms of the company’s on market takeover bid announced to the market on 8 October 2018, NEXTDC will pay AJD securityholders cash consideration of $2.00 per security.

The Offer is unconditional and represents NEXTDC’s ‘best and final’ price.

The Offer closes at 4.00 pm, Sydney time, on 26 November 2018.

NEXTDC intends to proceed to compulsory acquisition of the outstanding AJD securities from 23 October 2018.

Shares in NEXTDC (ASX:NXT) are 1.27 per cent lower at $6.21.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.