bullish

Worley (WOR): Impact of Dar Group's A$1.4bn Sale

526 Views30 Apr 2024 06:30
Dar Group has sold a 19% stake in Worley to raise A$1.44bn. This will trigger passive buying and short covering and could lead to a re-rating of the stock with a blocking stake off the table.
What is covered in the Full Insight:
  • Background of Dar Group’s stake in WorleyParsons
  • Details of the stake sale
  • Short Interest analysis
  • Index implications and Free float alterations
  • Conclusion and future outlook
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