Namoi Cotton Ltd (AU:NAM) has released an update.
Louis Dreyfus Company Melbourne Holdings Pty Ltd, and its associated entities, have increased their substantial holding in Namoi Cotton Limited from 18.02% to 19.02%. This change occurred after the acceptance of offers made under their off-market takeover bid. Shareholders received a consideration of $0.67 per share as outlined in the bidder’s statement dated April 30, 2024.
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