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 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| ORI (ASX) Chart |