LDC tops Olam with sweetened bid for Namoi

In:

Agri/Soft Commodities

Region:

Asia-Pacific

Louis Dreyfus Company has sweetened its offer for Namoi Cotton with a takeover bid that, excluding an announced dividend, values the Australian processor at A$123 million ($81 million), topping a rival proposal from a unit of Olam Group last month.LDC, which holds a 17% stake in Namoi, had in...

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