Aug 3 (Reuters) - Orica Ltd (ORI) :
- ENTERED INTO A BINDING AGREEMENT TO ACQUIRE AXIS MINING TECHNOLOGY
- ACQUISITION PURCHASE PRICE COMPRISES UPFRONT CASH CONSIDERATION OF A$260 MILLION AND A DEFERRED EARN-OUT PAYMENT UP TO A MAXIMUM OF A$90 MILLION
- ACQUISITION AND PLACEMENT ARE EXPECTED TO BE EPS ACCRETIVE FROM FIRST FULL YEAR OF OWNERSHIP
- WILL ALSO OFFER A NON-UNDERWRITTEN SHARE PURCHASE PLAN CAPPED AT A$75 MILLION TO ELIGIBLE SHAREHOLDERS IN AUSTRALIA AND NEW ZEALAND
- PLACEMENT WILL BE CONDUCTED AT A$16.00 PER NEW SHARE
- ACQUISITION TO BE FUNDED THROUGH PROCEEDS OF A$650 MILLION
- NOTES CONTINUED INFLATIONARY PRESSURES, HIGHER ENERGY COSTS, SUPPLY CHAIN DISLOCATIONS, TO REMAIN ONGOING CHALLENGE IN FY 23
- ANNOUNCES FULLY UNDERWRITTEN A$650 MILLION INSTITUTIONAL SHARE PLACEMENT
News: ORI Orica Enters Binding Agreement To Acquire Axis Mining Technology
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Last
$20.97 |
Change
0.020(0.10%) |
Mkt cap ! $9.981B | |||
| Open | High | Low | Value | Volume |
| $20.83 | $20.99 | $20.80 | $38.94M | 1.859M |
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|---|---|---|
| 2 | 1083 | $20.87 |
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| Price($) | Vol. | No. |
|---|---|---|
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