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Ian Cochrane says the deal will enable Ausdrill to diversify and broaden its service offering.

Ausdrill in $272m Barminco buy, raises $250m

Ausdrill has announced its first major acquisition since the retirement of founder Ron Sayers last month, with the company set to purchase mining services contractor Barminco in a cash and scrip deal worth $271.5 million, while also announcing a $250 million capital raising.

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Ausdrill (ASL)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 28/02/19

1 year TSR5 year TSR
90thNRW Holdings39%16%
136thAustal25%23%
167thNavitas19%-1%
235thMacmahon Holdings2%15%
435thAusdrill-28%17%
730 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

25/02/19
$34k Bought
13/07/18
$0 Other
13/07/18
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

6th↓Austal$1,408.5m
7th↑Navitas$934.6m
8th↑Ausdrill$909.3m
9th↑Macmahon Holdings$714.9m
10th↑NRW Holdings$685.4m
201 listed industrial companies ranked by revenue.
Source: Morningstar

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