Namoi Cotton Ltd (AU:NAM) has released an update.
Namoi Cotton Ltd’s Independent Directors have unanimously recommended that shareholders accept Olam Agri Australia Pty Ltd’s $0.70 per share cash takeover offer, citing it as superior to a competing offer from Louis Dreyfus Company. Shareholders are advised to follow the detailed instructions provided by Namoi to accept the offer, bearing in mind the conditions that must be met or waived for the acquisition to proceed. Namoi continues to update shareholders on the offer’s progress through its website and ASX announcements.
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