trending Market Intelligence /marketintelligence/en/news-insights/trending/hvnuejvdkr1kvusyuvqs6g2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

NextDC signs takeover agreement for Asia Pacific Data Centre

COVID-19: How can we tell which Local Governments will be most impacted by the Pandemic?

Trade Payment Risk Is Not Necessarily Default Risk

China COVID-19 Trends In TV, Video

Fund Financing Through a Credit Lens Understanding the Basics of Alternative Investment Funds AIFs

NextDC signs takeover agreement for Asia Pacific Data Centre

NextDC Ltd. agreed to acquire the remaining 70.8% stake it does not already own in Asia Pacific Data Centre at a consideration of A$2.00 per security.

As part of the deal, security holders of the target will receive a special distribution of 2 cents per security on Nov. 14 and a separate quarterly distribution of the same amount on Oct. 25.

The unconditional offer will be open for acceptance until Nov. 26. According to a news release, the offeror has no plans to further increase the bid, which was emphasized as "best and final" in the absence of a competing proposal. NextDC's previous offer for Asia Pacific Data Centre amounted to A$1.87 per security.

360 Capital Group, which owns a 67.3% stake in the targeted data center owner, already committed to accepting the proposal after previously competing with NextDC over the control of Asia Pacific Data Centre.

NextDC is the sole tenant of the core properties comprising Asia Pacific Data Centre's portfolio. The portfolio, which was on offer until September, was worth an estimated A$261 million as of June 30.

The deal to buy Asia Pacific Data Centre amounts to about A$200 million, comprising the sum for the 70.8% stake in the target, its debt and other transaction and restructuring costs. NextDC will use its cash reserves, totaling more than A$600 million as of Sept. 30, to fund the buyout.

Cadence Advisory and Herbert Smith Freehills respectively function as the financial adviser and legal adviser of NextDC. Citigroup Global Markets Australia Pty. Ltd., meanwhile, was appointed to be the offeror's broker with respect to the proposal.