Namoi Cotton urges shareholders to sell to Olam

Andrew Marshall
Updated June 4 2024 - 2:28pm, first published 2:00pm
Namoi's five independent directors have unanimously supported the Olam bid for the raw cotton processor. File photo.
Namoi's five independent directors have unanimously supported the Olam bid for the raw cotton processor. File photo.

Namoi Cotton says shareholders should accept Singapore-based agribusiness Olam Agri's $145 million takeover bid, repeating its view that Louis Dreyfus Company's alternative offer is an "inferior proposal".

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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