(Bloomberg) -- Orica Ltd., the world's largest
explosives maker, may have the funds to buy more of its own
shares after failing to take over Dywidag-Systems International
GmbH, Macquarie Bank Ltd. said.
Melbourne-based Orica has A$1 billion ($861 million) of
debt capacity to fund takeovers, growth or capital management,
Macquarie analysts led by John Purtell said today in a note to
clients. The company may complete its current buyback
``swiftly'' since failing to buy Dywidag, the note said.
Read more at Bloomberg Commodities News
explosives maker, may have the funds to buy more of its own
shares after failing to take over Dywidag-Systems International
GmbH, Macquarie Bank Ltd. said.
Melbourne-based Orica has A$1 billion ($861 million) of
debt capacity to fund takeovers, growth or capital management,
Macquarie analysts led by John Purtell said today in a note to
clients. The company may complete its current buyback
``swiftly'' since failing to buy Dywidag, the note said.
Read more at Bloomberg Commodities News
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