Australian Stock Exchange-listed Qoria said on Monday that US-based Aura Consolidated Group would acquire the tech firm at an implied valuation of A$972 million, and then relist the merged entity on the ASX.
Under the proposed offer, Aura will acquire all of Qoria at an implied price of $0.72 per share, more than double the stock’s last close. Qoria has a market capitalization of $453.7 million, as per LSEG data.
…
Want to know how this story ends?
Become a subscriber for complete access to all stories on InnovationAus.com and our daily newsletter.
Already a member? Log in here
Do you know more? Contact James Riley via Email.