Namoi Cotton Ltd (AU:NAM) has released an update.
Louis Dreyfus Company’s Melbourne subsidiary has altered its substantial holding in Namoi Cotton Limited, increasing its voting power from 47.66% to 48.68% by acquiring additional shares through a takeover offer and on-market transactions. Investors should note this shift in stakeholder influence in the company, which may impact Namoi Cotton’s strategic direction and stock performance.
For further insights into AU:NAM stock, check out TipRanks’ Stock Analysis page.
