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Serial deal maker or serial offender? Orica jumps on corporate M&A train

Merger activity is firing up and being led by companies buying for strategic purposes, rather than private equity. The Australian explosives company is back in on the action. Will it work?

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Corporate M&A is making strong start to 2024. Boards and CEOs, under renewed pressure to grow earnings and margins, are snapping up rivals with cash and scrip bids in a bid to drive up share prices.

It is a big theme globally, with transactions such as the $US35 billion ($53 billion) Capital One/Discover Financial credit cards deal in the United States fuelling expectations of more to come.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/serial-deal-maker-or-serial-offender-orica-jumps-on-corporate-m-and-a-train-20240221-p5f6lv