I haven't followed ORI closely for some years but if I recall correctly they bought this business in 2005 or 2006 for something close to $900m. Today they are selling it for $180m.
It's one of many illustrations of the extent to which the majority of acquisition-driven growth strategies end up being little more than a transfer of wealth from the shareholders of the acquiring company to those of the business being acquired.
.
Ann: Orica Announces Sale of Minova to Aurelius Group, page-2
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ORI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.82 |
Change
0.160(0.91%) |
Mkt cap ! $8.678B | |||
| Open | High | Low | Value | Volume |
| $17.80 | $17.89 | $17.63 | $7.846M | 440.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 552 | $17.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.82 | 2673 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| ORI (ASX) Chart |