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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I haven't followed ORI closely for some years but if I recall...
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Last
$17.76 |
Change
-0.250(1.39%) |
Mkt cap ! $8.649B |
Open | High | Low | Value | Volume |
$18.10 | $18.10 | $17.69 | $52.87M | 2.971M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5225 | $17.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.77 | 1237 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1164 | 17.590 |
1 | 114 | 17.510 |
3 | 407 | 17.500 |
1 | 615 | 17.300 |
1 | 580 | 17.220 |
Price($) | Vol. | No. |
---|---|---|
18.000 | 500 | 1 |
18.120 | 987 | 1 |
18.200 | 1861 | 1 |
18.250 | 1000 | 1 |
18.270 | 1536 | 1 |
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