Australia's Orora rises on signing Saverglass share purchase agreement

ORORA

04/10/2023 05:20

** Shares of Orora  ORA.AX  rise as much as 2.43% to A$2.735
, their biggest intraday pct gain since Sept. 19 
    ** Australian packaging co says signed a binding share
purchase agreement to acquire Saverglass SAS
    ** Adds, completion of acquisition likely in last qtr of
2023 
    ** Average rating of brokerages equivalent to "hold;" median
PT is A$3.30 - LSEG data
    ** Stock down 1.1% this year, as of last close

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com))