Australia's Qoria to merge with US-based Aura in $675 million deal

Reuters02-02

Feb 2 (Reuters) - Australia-listed Qoria QOR.AX said on Monday it would merge with U.S.-based Aura Consolidated Group, in a deal that gives the tech firm an implied valuation of A$972 million ($675.64 million).

Under the proposed offer, Aura will acquire Qoria at an implied price of A$0.72 per share.

($1 = 1.4386 Australian dollars)

(Reporting by Rajasik Mukherjee; Editing by Sonia Cheema)

((Rajasik.Mukherjee@thomsonreuters.com;))

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