trending Market Intelligence /marketintelligence/en/news-insights/trending/T_KlFZXx-U31Xu2hUtdbdg2 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

Australia's Takeovers Panel rules on 360 Capital-Asia Pacific Data Centre case

Mining Exploration Insights – September 2020

Amid Pandemic, Airlines Forge a New Survival Metric: Daily Cash Burn

Industries Most and Least Impacted by COVID-19 from a Probability of Default Perspective – September 2020 Update

Complying with International Financial Reporting Standard IFRS 9

Australia's Takeovers Panel rules on 360 Capital-Asia Pacific Data Centre case

NEXTDC Ltd.'s application for Australia's Takeovers Panel to conduct proceedings in relation to 360 Capital Group's takeover of Asia Pacific Data Centre was denied.

On Oct. 10, NEXTDC said the terms of 360 Capital's bid for Asia Pacific involved a capital distribution proposal that would need shareholders approval, thus a need for a more detailed and corrective disclosure. It hoped the panel will issue orders that will nullify the shares tendered in relation to the takeover from Sept. 26 to until the corrective disclosure is sent out.

However, the panel said Oct. 16 that NEXTDC's concerns have been addressed, and it concluded there was no reasonable prospect for it to make a declaration of unacceptable circumstances. Therefore, proceedings are not necessary.

The panel added that NEXTDC's request for further disclosure on the capital distribution will result to "speculation on various matters" related to the deal, which would unlikely contribute to an informed market.

360 Capital's A$1.95-per-security bid for Asia Pacific Data Centre will close Nov. 6.