NAM namoi cotton limited
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Nov 28 (Reuters) - Namoi Cotton Ltd (NAM) : RECEIPT OF...

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    28/11/23
    12:45
    Post #: 71144698

    Nov 28 (Reuters) - Namoi Cotton Ltd (NAM) :

    • RECEIPT OF NON-BINDING INDICATIVE OFFER FROM LOUIS DREYFUS COMPANY
    • DEAL BY WAY OF A SCHEME OF ARRANGEMENT FOR A TOTAL CASH CONSIDERATION OF A$0.51 PER SHARE
    • NBIO PERMITS NAMOI TO PAY DIVIDEND OF A$0.01 PER SHARE TO SHAREHOLDERS PRIOR TO SCHEME IMPLEMENTATION
    • DETERMINED IN BEST INTERESTS OF NAMOI SHAREHOLDERS TO PROGRESS NBIO AND TO ALLOW LDC TO UNDERTAKE CONFIRMATORY DUE DILIGENCE
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