The 'share raid' that rocketed the NextDC share price. Is a takeover bid in the wings? Published November 5, 11:27 am AEDT NextDC Ltd (ASX: NXT) shares have ripped more than 40% higher after it emerged that Goodman Group (ASX: GMG) and New York-listed Digital Realty Trust Inc (NYSE: DLR) had staged an aftermarket raid on the company's shares. NextDC said in a statement to the ASX that the two companies had, on the evening of Wednesday, 4 November, sought to buy up to 9.9% of NextDC's shares on issue at a price of $9.50 per share. The NextDC share price surged 42.6% on the news to be trading at $9.31 on Thursday morning. NextDC noted it did not know the outcome of the attempted share raid. Competitors buying the dip. The two buyers have taken advantage of the steep sell-off in NextDC shares in the past couple of weeks after the company announced a major earnings downgrade on 21 October, related to an inability to get power to its M3 Melbourne data centre. NextDC said on Thursday that the two companies had said through their brokers that they did not intend to make a takeover bid, but that they reserve the right to do so. NextDC added: The Board considers this an opportunistic move by Goodman and Digital Realty. The share raid comes two weeks after NextDC's 21 October 2026 announcement of the M3 Melbourne power delay and revised FY27 guidance, and was made through an aftermarket book build open only to institutional investors. The Board is not in possession of any takeover proposal at this time. Any bona fide approaches will be considered by the Board on their merits and in the best interests of all NextDC shareholders. At this time, NextDC shareholders do not need to take any action in relation to this announcement. Companies only need to launch a full takeover bid once their ownership stake exceeds 19.9% of another company. NextDC has appointed Barrenjoey and UBS as advisers, indicating it could be preparing a takeover defence. Market likes the deal. Goodman Group shares were 4.4% higher on Thursday at $28.04. Goodman did not make any statement to the ASX following the share raid. Goodman put out a quarterly update on Wednesday, noting that the data centre business was complex and difficult to do well, requiring strategic sites in major cities, power availability, and planning consent. The company's financial and operational strength set it apart, it said in the statement, and it had $19.7 billion worth of work in progress globally. Brokers divided on NextDC shares. UBS released a new research note on NextDC shares on 29 October, with a price target of $18.50. In contrast, Morgan Stanley has a price target of just $6.70. Foolish takeaway. NextDC certainly seems to be in play here, with Goodman and Digital Realty taking advantage of the share price weakness to build stakes. This won't be the last Fool hear on this front.

NAB shares drop following full-year profit drop and CEO warning. Opportunistic Move NextDC acknowledges 'share raid' by Goodman Group and Digital Realty. 3:17pm today The news: Data centre group NextDC said it has not received a takeover proposal from Goodman Group and NYSE-listed Digital Realty, after confirming the rival operators conducted a "share raid" this week. The numbers: Ackland Investments No1 Trust, a vehicle owned equally by Goodman and Digital Realty, conducted an aftermarket book build on Wednesday seeking to buy NextDC shares at $9.50 per share, up to a maximum holding of 9.9% in the company. NextDC shares last closed at $6.53. The context: NextDC said its board considers it an "opportunistic move" by Goodman and Digital Realty, coming two weeks after news of delays at its M3 data centre in Melbourne triggered a 40% selloff. NextDC does not know the outcome of the move, but noted a statement issued to investors by Goodman and Digital Realty confirming the companies have "no intention of submitting a control proposal of making a takeover bid for the company at this time, but reserve their right to do so". NextDC has appointed Barrenjoey and UBS as its joint lead financial advisers and Cadence Advisory as its independent financial adviser. Mallesons is acting as its legal adviser. The source: ASX Get Letter of Intent in your inbox. The Brisbane-based fund manager is still trudging through a wretched year as holdings like WiseTech, Life360 and Xero were pummelled. Hugo Mathers · 10:00am today In Australia's age-old supermarket duopoly, one grocer's gain is invariably the other's loss. And at the moment Coles is on the wrong side of the see-saw. Hugo Mathers · 30 October 2026 The biotech's outgoing chairman and former CEO in its heyday told investors at Tuesday's AGM the company needs to put the torrid year it suffered behind it. Hugo Mathers · 27 October 2026

Goodman and Digital Realty offer ~$500M for up to 9.9% stake in data center operator NextDC. Phemex News 2026/11/04 01:13 Goodman Group and Digital Realty have offered to acquire up to 9.9% of Australian data center operator NextDC for approximately A$715 million (US$499.7 million). The offer, led by JPMorgan, prices shares at A$9.50 each, representing a 45.5% premium to NextDC's Wednesday closing price of A$6.53. Both companies stated they currently have no intention to launch a full takeover or seek control of NextDC. The proposal comes after NextDC shares declined 45% year-to-date, driven by the deferral of roughly A$140 million in contracted revenue from its Melbourne M3 project due to grid upgrade delays. Disclaimer: The content provided on Phemex News is for informational purposes only. Phemex do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. Phemex strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.