bullish
Namoi Cotton (NAM AU): Louis Dreyfus Declares Offer Unconditional
785 Views04 Sep 2024 11:09
Currently trading at Olam's terms. If already in, stay in. Do not tender. Buy on dips. I can see these two large, interested players, materially pushing up terms from here.
What is covered in the Full Insight:
- Introduction
- Current Offers and Regulatory Approvals
- Market and Shareholder Responses
- Comparative Analysis of Bidders
- Conclusion
Boomeranged on Fri, 13 Sep 2024 08:41
After Namoi Cotton backed LDC's Offer, and concurrently rejected Olam Agri's, Olam Agri has now bumped terms to A$0.75/share. Samuel Terry (25% holder) says Olam's Offer is now superior. Despite not having ACCC approval. Does LDC bump terms now or after Olam secures ACCC approval (if this were to occur)? After ACCC would be my guess.
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