News: ORI Australia's Orica to buy US-based Cyanco for $640 mln

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    Feb 21 (Reuters) - Australia's mining chemicals maker Orica (ORI) said on Wednesday it will acquire the entire stake in U.S.-based sodium cyanide manufacturer Cyanco Intermediate 4 Corp for $640 million.

    Orica will fund the acquisition via an underwritten institutional placement worth A$400 million ($261.88 million), it said.

    ($1 = 1.5274 Australian dollars)

 
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