Olam Agri raises bid for Namoi Cotton to A$135.5m, outbidding Louis Dreyfus Co., pending regulatory approval.

Olam Agri Holdings Ltd. raises its bid for Namoi Cotton, outbidding Louis Dreyfus Co. at A$0.66 cash per share, valuing Namoi Cotton at A$135.5m. If Olam Agri secures 90% stake, offer increases to A$0.70, valuing Namoi Cotton at A$143.7m. Both bidders need regulatory approval from Australia's Foreign Investment Review Board and the Australian Competition and Consumer Commission.

May 02, 2024
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