Sept 5 (Reuters) - Orora Ltd (ORA) :
- ACQUISITION OF SAVERGLASS AND ASSOCIATED EQUITY RAISING
- ACQUISITION OF SAVERGLASS AND ASSOCIATED EQUITY RAISING
- ENTERED INTO ARRANGEMENTS TO ACQUIRE 100% OF SAVERGLASS SAS FOR AN ENTERPRISE VALUE OF EUR 1,290 MILLION
- ACQUISITION FOR AN ENTERPRISE VALUE OF EUR 1,290 MILLION
- ACQUISITION WILL BE FUNDED VIA A FULLY UNDERWRITTEN EQUITY RAISING OF APPROXIMATELY A$1,345 MILLION
- EQUITY RAISING OF A$450 MILLION INSTITUTIONAL PLACEMENT AND A A$895 MILLION 1-FOR-2.55 ACCELERATED NON-RENOUNCEABLE PRO RATA ENTITLEMENT OFFER
- ACQUISITION IS EXPECTED TO BE MID-SINGLE DIGIT EARNINGS PER SHARE ACCRETIVE IN FIRST FULL FINANCIAL YEAR OF OWNERSHIP
- COMPLETION OF ACQUISITION IS EXPECTED TO OCCUR IN LAST QUARTER OF CY2023.
- SAVERGLASS WILL OPERATE AS A THIRD PLATFORM FOR GROWTH IN ORORA
- ORORA AND VENDORS OF OLYMPE SAS HAVE ENTERED INTO A PUT OPTION AGREEMENT
- ACQUISITION FUNDING TO RESULT IN LEVERAGE OF 2.50X PRO FORMA FY23 UNDERLYING EBITDA WITHIN ORORA'S STATED RANGE
- PUT OPTION AGREEMENT PROVIDES VENDORS OPTION TO SELL SHARES IN OLYMPE SAS TO ORORA
- ACQUISITION WILL ALSO BE FUNDED VIA A$875 MILLION OF ACQUISITION DEBT FINANCING
- Forums
- ASX - By Stock
- ORA
- News: ORA Orora Announces Acquisition Of Saverglass And Associated Equity Raising
News: ORA Orora Announces Acquisition Of Saverglass And Associated Equity Raising
Featured News
Add ORA (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.65 |
Change
0.005(0.19%) |
Mkt cap ! $3.593B |
Open | High | Low | Value | Volume |
$2.63 | $2.68 | $2.60 | $2.588M | 974.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 7506 | $2.64 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.65 | 59553 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 40003 | 2.630 |
23 | 86478 | 2.620 |
17 | 34325 | 2.610 |
16 | 38239 | 2.600 |
5 | 21290 | 2.590 |
Price($) | Vol. | No. |
---|---|---|
2.640 | 46222 | 50 |
2.650 | 93392 | 23 |
2.660 | 72349 | 16 |
2.670 | 47345 | 14 |
2.680 | 29536 | 12 |
Last trade - 13.00pm 27/09/2024 (20 minute delay) ? |
Featured News
ORA (ASX) Chart |