NST's acquisition of DEG completes in 3 weeks. There will be passive buying in NST from multiple index trackers. Either GDG or NCK will be added to the ASX200 - data over the next 2 weeks is important
What is covered in the Full Insight:
Introduction to the Acquisition
Acquisition Details and Timeline
Index Implications
Impact on Shares and Short Interest
Conclusion and Outlook
Boomeranged on Wed, 16 Apr 2025 06:10
The Scheme Meeting is being held today. Proxy votes in favour make up 65.5% of shares outstanding and 99.38% of total proxy votes received. This should get done. The announcement of the ASX200 replacement should be made in the next couple of days with implementation at the close on 23 April. NCK is up 7% since this Insight was published while GDG is down 2% - may be time for a switch.