Megaport Ltd
MP1: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.XG | LOCK|tM | LOCK|v#SST> |
Megaport: Corporation Action—Do Not Participate in SPP to Fund Compute Services Acquisition
Megaport agreed to acquire Latitude.sh for up to USD 300m in cash and scrip. To help fund the acquisition, it launched a fully underwritten AUD 200 million institutional placement and plans to run a nonunderwritten share purchase plan of up to AUD 20 million. Full-year guidance is unchanged.
