Namoi Cotton Ltd (AU:NAM) has released an update.
Namoi Cotton Limited has issued a target’s statement in response to an unsolicited off-market takeover bid by Louis Dreyfus Company Melbourne Holdings Pty Ltd, advising shareholders to reject the offer. The statement, including an independent expert report by BDO Corporate Finance Ltd, has been distributed to shareholders and lodged with the Australian Securities and Investments Commission. Shareholders have been notified through email or postal communication, with options to access the statement electronically or request a hard copy.
For further insights into AU:NAM stock, check out TipRanks’ Stock Analysis page.
