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)
1 October 2024
The Independent Directors unanimously recommend Namoi shareholders ACCEPT the LDC Offer
LDC takeover offer:
$0.77 per share (1 October 2024)
Note: Unconditional (see latest Bidder’s Statement)
Olam takeover offer:
$0.75 per share (13 September 2024)
Note: The Olam Offer to lapse on 8 October 2024
LDC Bidder’s Statement and Namoi Target’s Statement
Bidder's Statement
Lodged 30 April 2024
Lodged 7 May 2024
Lodged 10 May 2024
Lodged 4 September 2024
Lodged 30 September 2024
Lodged 1 October 2024
Target's Statement
Despatched 22 May 2024
Despatched 11 September 2024
Despatched 20 September 2024
Despatched 4 October 2024
Olam Bidder’s Statement and Namoi Target’s Statement
Bidder's Statement
Lodged 9 May 2024
Lodged 16 May 2024
Lodged 20 June 2024
Lodged 1 August 2024
Lodged 12 August 2024
Lodged 13 September 2024
Target's Statement
Despatched 31 May 2024
Despatched 11 September 2024
Despatched 12 September 2024
Despatched 4 October 2024
Announced 1 October 2024
ASX Announcements
- LDC Change in Substantial Holding
- Ceasing to be a substantial holder
- Change in substantial holding
- Ceasing to be a substantial holder
- Change in substantial holding
- Variation of Takeover Bid
- Olam Agri Lapse of Takeover Offer
- LDC Change in Substantial Holding
- Olam Agri Change in Substantial Holding
- LDC Change in Substantial Holding
- LDC Change in Substantial Holding
- Change of Director's Interest Notice (4 directors)
- Update and Lodgement of Supplementary Targets Statements
- 4th Olam Supplementary Targets Statement
- LDC Change in Substantial Holding
- LDC 3rd Supplementary Targets Statement
- Application for quotation of securities - NAM
- Becoming a substantial holder
- TOV: NAM Panel Application Withdrawn
- LDC Change in Substantial Holding
- LDC secures control of Namoi Cotton
- Independent Directors sell into LDC Takeover Offer
- Change in substantial holding
- Revised Recommendations of the Independent Directors
Investor Information
Up-to-date information from the ASX
60 years growing with Australia.
Namoi Cotton is Australia’s largest cotton ginning organisation. We’re proud of our 60 years growing with Australia.