US firm Aura to buy Australia's Qoria in $675 million deal, relist on ASX

FILE PHOTO: Australian dollars are seen in an illustration photo February 8, 2018. REUTERS/Daniel Munoz/ File Photo

Feb 2 (Reuters) - Australia-listed ‌Qoria said on Monday that U.S.-based Aura Consolidated Group would acquire the ‌tech firm at an implied valuation of A$972 million ($675.64 million), and ‌then relist the merged entity on the Australian stock exchange.

Under the proposed offer, Aura will acquire all of Qoria at an implied price of A$0.72 per share, more than double the stock's last ‍close.