News: NAM Namoi Cotton Notes Olam Intention To Make An Off-Market Takeover Offer Of A$0.70 Per Share

May 8 (Reuters) - Namoi Cotton Ltd (NAM) :

• NOTES OLAM INTENTION TO MAKE AN OFF-MARKET TAKEOVER OFFER OF A$0.70 PER SHARE
• NAMOI SHAREHOLDERS SHOULD TAKE NO ACTION IN RESPECT OF PROPOSED OLAM TAKEOVER OFFER AT THIS STAGE
• SAMUEL TERRY ASSET MANAGEMENT HAS ADVISED NAMOI IT INTENDS TO ACCEPT PROPOSED OLAM TAKEOVER OFFER
• SAMUEL TERRY ASSET MANAGEMENT ADVISED OLAM TAKEOVER OFFER IS FAIR AND REASONABLE TO NAMOI SHAREHOLDERS.
• NAMOI SHAREHOLDERS SHOULD TAKE NO ACTION IN RESPECT OF LDC'S TAKEOVER OFFER AT THIS STAGE

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