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.
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Ann: Orica Announces Sale of Minova to Aurelius Group, page-2
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$17.60 |
Change
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Mkt cap ! $8.571B | |||
| Open | High | Low | Value | Volume |
| $17.51 | $17.60 | $17.35 | $16.93M | 964.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2533 | $17.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.60 | 904 | 1 |
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