07 May 2024

LDC tops Olam Agri offer for Namoi Cotton

Agri/Soft Commodities
Asia-Pacific, Europe

Louis Dreyfus Company has surpassed rival Olam Agri Holdings' most recent bid for Australia's Namoi Cotton.LDC, which already owns 17% of Namoi, offered to buy the remaining shares for A$0.67 each, 31% higher than its initial offer in January. That’s 1 cent above Olam Agri’s bid...

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