ASX Announcements
Notification of cessation of securities - ORA
Appendix 3H (Notification of cessation of securities)
- May 1, 2024
- 4 pages
This Month
Project Open: Barrenjoey seeks $182m for Orora activist push
Street Talk understands the home-grown investment bank tried to pull together a syndicate of investors in April to nab a 10 per cent stake and agitate for change.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June
Buying the dip? Seven trashed ASX stocks fundies are snapping up
Lovisa, Worley and Orora are among the recent laggards that fund managers have been buying at – what they believe – are rare discounts.
- Joshua Peach
April
- Opinion
- Chanticleer
Packaging group hits the turps, investors stuck with the hangover
A once boring packaging company is doing what it can to make investors more wary of big offshore M&A.
- Updated
- Anthony Macdonald
Orora flags earnings pain at its big French acquisition Saverglass
The ASX-listed bottle manufacturer purchased the 126-year-old business last year. On Tuesday, it said orders were lower than expected, sending shares lower.
- Simon Evans
February
ASX-listed companies poised to swoop on IPO hopefuls
Herbert Smith Freehills’s legal eagles say there’s a wealth of opportunities for established companies to acquire targets which have been pitched for IPO.
- Sarah Thompson, Kanika Sood and Emma Rapaport
December 2023
Hennessy bottle maker tips a no growth year
The newly acquired French spirit bottle maker will deliver flat earnings in 2023-24 because of soft demand, in a blow for Orora investors.
- Simon Evans
Bottle maker Orora’s $2.2b French buy gives investors a hangover
Orora shares are off 24 per cent since its largest acquisition, but the company’s chief executive, Brian Lowe, says he will be proven right in time.
- Simon Evans
October 2023
Barrenjoey, UBS, Macquarie top ECM league tables after Q3 raising rush
A trio of top-tier investment banks are angling for a top spot on the equity capital markets league table.
- Sarah Thompson, Kanika Sood and Emma Rapaport
September 2023
Fortescue says first energy projects will ‘prime the pump’ on value
Fortescue admits its clean energy projects will have lower rates of return than most iron ore growth options. But it’s determined to take a broad view of value
- Peter Ker and Elouise Fowler
Orora’s $1.35b raise gets insto support despite big discount
Can and bottle maker Orora’s $1.35 billion equity raising to buy France’s Saverglass had been expected since August 27.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Orora draws its gun to get Grey Goose bottle deal done
Here investors were thinking packaging group Orora was a staid old-world company happy with its lot in the world. They were wrong.
- Anthony Macdonald
$2.2b deal means Melbourne can maker will make Grey Goose bottles
Orora CEO Brian Lowe says the price demanded by US private equity giant Carlyle is “very fair” and he’s not worried that staff who had equity stakes are cashing out.
- Simon Evans
Orora launches $1.35b equity raise; $450m placement
It’s the biggest equity raising from an ASX-listed company to fund M&A since Atlas Arteria raised $3 billion last year to buy a stake in Chicago Skyway.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Orora to raise $1.35b to buy Carlyle’s Saverglass
It’s game on for Orora’s big equity raising to buy Carlyle’s premium French bottle maker Saverglass, as revealed by Street Talk.
- Sarah Thompson, Kanika Sood and Emma Rapaport
August 2023
Voila! Orora’s European target revealed, Citi, Macquarie on ticket
ASX-listed can and bottle maker Orora is seeking to acquire high-end glass bottle manufacturer Saverglass.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Orora preps investors for $1b-plus raising to fund offshore buy
The can and bottle maker is closing in on the acquisition of an offshore glass business.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June 2023
Senex raises stakes on Atlas gas, signing up Orora
News of a second customer for the $1 billion Queensland project comes as the fate of the venture remains reliant on Labor’s rules for east coast gas sales.
- Angela Macdonald-Smith
March 2023
Craft beer golden days fading fast as costs jump
Australia’s 800 craft brewers face much tougher conditions with aluminium can costs up 11 per cent and drinkers baulking at price rises.
- Simon Evans
February 2023
These hugely popular canned drinks have sent Orora shares soaring
Can and bottle maker Orora has seen volumes rise by more than 10 per cent, driven by Millennials and Gen Z who favour “slim and sleek” cans.
- Simon Evans
November 2022
Why investors shouldn’t get carried away with the sharemarket rebound
Equities are likely to test fresh lows in the next few months, prompting some strategists to reduce risk in their portfolios by rotating into defensive stocks.
- Alex Gluyas
