Beaten up packaging company Orora ( $Orora Ltd (ORA.AU)$ ) r...

Beaten up packaging company Orora ( $Orora Ltd (ORA.AU)$ ) rallied 19% to $2.27 after receiving a takeover bid from an American private equity firm called Lone Star Funds who are offering $2.55 per share. The ORA board has rejected the deal as they believe it materially undervalues the company….There is a reasonable chance Lone Star comes back with a higher price or another buyer emerges, so there could be more upside in the stock. BUY