Brief: Orica Announces Settlement Of US Litigation And Acquisition Of US Business
16/03/2026 24:50
March 16 (Reuters) - Orica Ltd ORI.AX: SETTLEMENT OF US LITIGATION AND ACQUISITION OF US BUSINESS SETTLES LITIGATION WITH CF INDUSTRIES FOR US$169.5 MILLION SETTLEMENT TO BE FUNDED USING EXISTING CASH AND UNDRAWN COMMITTED BANK DEBT FACILITIES TO BUY 100% OF NELSON BROTHERS' EXPLOSIVES BUSINESS FOR US$25 MILLION PLUS US$48 MILLION DEBT RETIREMENT ACQUISITION EXPECTED TO BOOST EBIT BY AUD$35 MILLION PER ANNUM ONCE FULLY INTEGRATED Further company coverage: ORI.AX ((Reuters.Briefs@thomsonreuters.com;))
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