Namoi Cotton Ltd (AU:NAM) has released an update.
Olam Agri Australia Pty Ltd has decided not to extend its takeover offer for Namoi Cotton Ltd and will not waive the offer conditions, meaning the offer will lapse on October 8, 2024. Namoi shareholders who have accepted the offer will keep their shares and can deal with them as they please. The decision concludes a competitive process that highlighted Olam Agri’s commitment to investing in the Australian agricultural sector.
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