NAM namoi cotton limited
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May 7 (Reuters) - Namoi Cotton Ltd (NAM) : LDC INCREASES...

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    07/05/24
    11:30
    Post #: 73701258

    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

    (([email protected];))

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