Louis Dreyfus Raises Stake in Namoi Cotton to 71.96% as Olam Agri Ends Bid

MT Newswires Live

2024-10-09

Namoi Cotton (ASX:NAM) suitor Louis Dreyfus raised its stake in the company to 71.96% from 70.12%, according to a Wednesday filing with the Australian bourse.

Meanwhile, Olam Agri's offer for the ASX-listed cotton processor lapsed on Tuesday, effectively ending its takeover battle with Louis Dreyfus.

Namoi shareholders who accepted the Olam Agri offer retain ownership of their shares and are free to deal with them, according to a separate filing.

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