, Singapore
Photo from Envato Elements

Olam Agri raises bid for Namoi to A$0.75 per share

The previous bid was A$0.70.

Olam Agri has increased its offer price from $0.61 (A$0.70) to $0.66 (A$0.75) per share for the acquisition of Namoi Cotton Limited (Namoi).

The increased bid is $0.070 (A$0.08), 12% higher than Louis Dreyfus Company’s (LDC) $0.59 (A$0.67) bid and is consistent with Olam Agri’s superior valuation of the Namoi business compared to LDC.

Olam Agri’s initial bid was  $0.59 (A$0.66) per share, which was subsequently raised to $0.61 (A$0.70) per share in May.

A$1=S$0.87

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!