Aug 3 (Reuters) - Orica Ltd (ORI) :
- ENTERED INTO A BINDING AGREEMENT TO ACQUIRE AXIS MINING TECHNOLOGY
- ACQUISITION PURCHASE PRICE COMPRISES UPFRONT CASH CONSIDERATION OF A$260 MILLION AND A DEFERRED EARN-OUT PAYMENT UP TO A MAXIMUM OF A$90 MILLION
- ACQUISITION AND PLACEMENT ARE EXPECTED TO BE EPS ACCRETIVE FROM FIRST FULL YEAR OF OWNERSHIP
- WILL ALSO OFFER A NON-UNDERWRITTEN SHARE PURCHASE PLAN CAPPED AT A$75 MILLION TO ELIGIBLE SHAREHOLDERS IN AUSTRALIA AND NEW ZEALAND
- PLACEMENT WILL BE CONDUCTED AT A$16.00 PER NEW SHARE
- ACQUISITION TO BE FUNDED THROUGH PROCEEDS OF A$650 MILLION
- NOTES CONTINUED INFLATIONARY PRESSURES, HIGHER ENERGY COSTS, SUPPLY CHAIN DISLOCATIONS, TO REMAIN ONGOING CHALLENGE IN FY 23
- ANNOUNCES FULLY UNDERWRITTEN A$650 MILLION INSTITUTIONAL SHARE PLACEMENT
News: ORI Orica Enters Binding Agreement To Acquire Axis Mining Technology
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Last
$21.89 |
Change
0.210(0.97%) |
Mkt cap ! $10.43B | |||
| Open | High | Low | Value | Volume |
| $21.84 | $21.89 | $21.57 | $21.24M | 973.6K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2625 | $21.85 |
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| Price($) | Vol. | No. |
|---|---|---|
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