Olam lifts bid stakes for Namoi takeover with double barrel offer

Andrew Marshall
Updated March 21 2024 - 2:12pm, first published 1:45pm
An indicative takeover bid from rival cotton processor, Olam, has come as an absolute surprise to Namoi Cotton. File photo
An indicative takeover bid from rival cotton processor, Olam, has come as an absolute surprise to Namoi Cotton. File photo

The takeover heat has turned up at Namoi Cotton, with its main rival, and Australia's second largest cotton ginner, launching a surprise $122 million counter bid to derail Louis Dreyfus Company's ambitions.

Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

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