Namoi Cotton Ltd (AU:NAM) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Namoi Cotton Ltd’s Independent Directors have unanimously recommended that shareholders accept Olam Agri Australia Pty Ltd’s $0.70 per share cash takeover offer, citing it as superior to a competing offer from Louis Dreyfus Company. Shareholders are advised to follow the detailed instructions provided by Namoi to accept the offer, bearing in mind the conditions that must be met or waived for the acquisition to proceed. Namoi continues to update shareholders on the offer’s progress through its website and ASX announcements.
For further insights into AU:NAM stock, check out TipRanks’ Stock Analysis page.