With the takeover battle for Asia Pacific Data Centre, or APDC, seemingly near the finish line, 360 Capital Group and NEXTDC Ltd. submitted their respective nominees to be elected as directors on APDC's board.
The move comes after APDC's board unanimously approved 360 Capital's revised offer of A$1.95-per-security, a bid that eclipsed NEXTDC's A$1.87-per-security tender, which closed Sept. 15. 360 Capital's offer is scheduled to lapse Nov. 6, 7 p.m. Sydney time.
Subject for election are NEXTDC executive director and CEO Craig Scroggie and nonexecutive director Stuart Davis. On 360 Capital's side, the company submitted the names of its managing director, Tony Pitt, and chairman and independent director David van Aanholt.
APDC shareholders will have to approve the four names that were presented at the Nov. 23 annual general meeting of the company for them to take seats on the APDC board.