Australia's Orora rejects $2.25 bln takeover offer from Lone Star

Orora

13/08/2024 01:11

Aug 13 (Reuters) - Australia's Orora Ltd  ORA.AX  said
on Tuesday it had rejected a A$3.42 billion ($2.25 billion)
non-binding takeover offer from Lone Star Fund XII Acquisitions,
stating the offer materially undervalues the packaging products
maker.

($1 = 1.5184 Australian dollars)

 (Reporting by John Biju in Bengaluru; Editing by Rashmi Aich)
 ((John.Biju@thomsonreuters.com;))