Namoi Cotton has received conditional off-market takeover offers | Learn More

Off-market Takeover Offers

Namoi Cotton has received conditional off-market takeover offers from:

Louis Dreyfus Company Melbourne Holdings Pty Ltd (‘LDC’) to acquire all of the Namoi Shares the LDC Group does not already own, and

Olam Agri Australia Pty Ltd (‘Olam’) to acquire all of the Namoi Shares

Please access our Target’s Statements (in response to LDC Bidder’s Statement and the Olam Bidder’s Statement) using the below links

The Target’s Statements sets out Namoi’s formal response to, and important information about, the LDC and Olam off-market takeover offers. If you are in any doubt as to the contents of the Target’s Statements, please contact your legal, financial or other professional adviser.

If you have any questions in relation to the off-market takeover offers you can contact the Namoi Shareholder Information Line on:

1300 265 118 (within Australia)

+613 94 154 151 (outside Australia)

Monday to Friday (on a business day) between 8.30am and 5.00pm (Sydney time)

LDC takeover offer:

$0.67 per share (7 May 2024)

Olam takeover offer:

$0.70 per share (8 May 2024)

Note: Both takeover offers are subject to a 50.1% minimum acceptance condition and other conditions (please see latest Bidder’s Statements)

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LDC Bidder’s Statement and Namoi Target’s Statement

Bidder's Statement

Lodged 30 April 2024

Despatched 7 May 2024

10 May 2024

Target's Statement

Despatched 22 May 2024

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Olam Bidder’s Statement and Namoi Target’s Statement

Bidder's Statement

Lodged 9 May 2024

Lodged 16 May 2024

Target's Statement

Despatched 31 May 2024

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60 years growing with Australia.

Namoi Cotton is Australia’s largest cotton ginning organisation. We’re proud of our 60 years growing with Australia.