Orica Announces Acquisition and Capital Raising

Orica (ASX: ORI) has entered into a binding agreement to acquire 100 per cent of the common stock of Cyanco Intermediate 4 Corp. (Cyanco) (the Acquisition) from an affiliate of Cerberus Capital Management, L.P. (Cerberus) for US$640 million on a cash-free, debt-free enterprise value basis. The Acquisition of Cyanco, a US-based leader in the manufacture and distribution of sodium cyanide primarily