Oct 10 (Reuters) - Orora Ltd (ORA) :
- ANNOUNCES SALE OF ITS AUSTRALASIAN FIBRE BUSINESS FOR A$1,720 MILLION
- ENTERED INTO A BINDING AGREEMENT TO SELL ITS AUSTRALASIAN FIBRE BUSINESS TO A WHOLLY OWNED SUBSIDIARY OF NIPPON PAPER INDUSTRIES
- ESTIMATED NET GAIN AFTER COSTS AND TAX IS A$225 MILLION DUE TO SALE
- INTENDS TO RETURN IN VICINITY OF A$1,200 MILLION, BEING MAJORITY OF NET PROCEEDS, TO SHAREHOLDERS
- EXPECTS TO RECEIVE NET CASH PROCEEDS FROM TRANSACTION OF A$1,550 MILLION
- "THERE MAY BE SOME REDUCTION IN ROLES REQUIRED TO SUPPORT ORORA GROUP ACTIVITIES GOING FORWARD"
- TRANSACTION COMPLETION IS EXPECTED TO OCCUR IN EARLY 2020
News: ORA Orora Announces Sale Of Its Australasian Fibre Business For A$1,720 Mln
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Last
$2.27 |
Change
-0.040(1.73%) |
Mkt cap ! $2.915B | |||
| Open | High | Low | Value | Volume |
| $2.32 | $2.32 | $2.27 | $3.327M | 1.458M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 67 | 117092 | $2.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 173282 | 97 |
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