May 7 (Reuters) - Namoi Cotton Ltd (NAM) :
- LDC INCREASES PROPOSED OFF-MARKET TAKEOVER OFFER FROM A$0.60 TO A$0.67 PER SHARE
- LDC TAKEOVER OFFER IS SUBJECT TO CONDITIONS OF A 50.1% MINIMUM ACCEPTANCE CONDITION, OTHERS
- LDC PROPOSES TO INCREASE CASH CONSIDERATION A$0.67 PER SHARE FOR REMAINING ABOUT 83% OF ISSUED SHARES IN NAMOI IT DOES NOT OWN
- INDEPENDENT DIRECTORS CONSIDERING OFFERS FROM LDC AND OLAM AND WILL PROVIDE RECOMMENDATION TO SHAREHOLDERS IN DUE COURSE
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