Lithium
45.57
0.6%
Gold
2,691.00
0.71%
Copper
4.10
(0.3%)
Oil
70.16
(0.03%)
Bitcoin
98,779.68
0.33%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,283.85
0.36%
Dow Jones
43,870.35
0.76%
Iron Ore
101.25
(0.75%)
USD/AUD
0.65
(0.32%)
Hang Seng
19,295.87
(1.62%)
Lithium
45.57
0.6%
Gold
2,691.00
0.71%
Copper
4.10
(0.3%)
Oil
70.16
(0.03%)
Bitcoin
98,779.68
0.33%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,283.85
0.36%
Dow Jones
43,870.35
0.76%
Iron Ore
101.25
(0.75%)
USD/AUD
0.65
(0.32%)
Hang Seng
19,295.87
(1.62%)
Lithium
45.57
0.6%
Gold
2,691.00
0.71%
Copper
4.10
(0.3%)
Oil
70.16
(0.03%)
Bitcoin
98,779.68
0.33%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,283.85
0.36%
Dow Jones
43,870.35
0.76%
Iron Ore
101.25
(0.75%)
USD/AUD
0.65
(0.32%)
Hang Seng
19,295.87
(1.62%)
Lithium
45.57
0.6%
Gold
2,691.00
0.71%
Copper
4.10
(0.3%)
Oil
70.16
(0.03%)
Bitcoin
98,779.68
0.33%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,283.85
0.36%
Dow Jones
43,870.35
0.76%
Iron Ore
101.25
(0.75%)
USD/AUD
0.65
(0.32%)
Hang Seng
19,295.87
(1.62%)
Lithium
45.57
0.6%
Gold
2,691.00
0.71%
Copper
4.10
(0.3%)
Oil
70.16
(0.03%)
Bitcoin
98,779.68
0.33%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,283.85
0.36%
Dow Jones
43,870.35
0.76%
Iron Ore
101.25
(0.75%)
USD/AUD
0.65
(0.32%)
Hang Seng
19,295.87
(1.62%)
Lithium
45.57
0.6%
Gold
2,691.00
0.71%
Copper
4.10
(0.3%)
Oil
70.16
(0.03%)
Bitcoin
98,779.68
0.33%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,283.85
0.36%
Dow Jones
43,870.35
0.76%
Iron Ore
101.25
(0.75%)
USD/AUD
0.65
(0.32%)
Hang Seng
19,295.87
(1.62%)
Lithium
45.57
0.6%
Gold
2,691.00
0.71%
Copper
4.10
(0.3%)
Oil
70.16
(0.03%)
Bitcoin
98,779.68
0.33%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,283.85
0.36%
Dow Jones
43,870.35
0.76%
Iron Ore
101.25
(0.75%)
USD/AUD
0.65
(0.32%)
Hang Seng
19,295.87
(1.62%)
Lithium
45.57
0.6%
Gold
2,691.00
0.71%
Copper
4.10
(0.3%)
Oil
70.16
(0.03%)
Bitcoin
98,779.68
0.33%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,283.85
0.36%
Dow Jones
43,870.35
0.76%
Iron Ore
101.25
(0.75%)
USD/AUD
0.65
(0.32%)
Hang Seng
19,295.87
(1.62%)
Lithium
45.57
0.6%
Gold
2,691.00
0.71%
Copper
4.10
(0.3%)
Oil
70.16
(0.03%)
Bitcoin
98,779.68
0.33%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,283.85
0.36%
Dow Jones
43,870.35
0.76%
Iron Ore
101.25
(0.75%)
USD/AUD
0.65
(0.32%)
Hang Seng
19,295.87
(1.62%)
Lithium
45.57
0.6%
Gold
2,691.00
0.71%
Copper
4.10
(0.3%)
Oil
70.16
(0.03%)
Bitcoin
98,779.68
0.33%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,283.85
0.36%
Dow Jones
43,870.35
0.76%
Iron Ore
101.25
(0.75%)
USD/AUD
0.65
(0.32%)
Hang Seng
19,295.87
(1.62%)
Lithium
45.57
0.6%
Gold
2,691.00
0.71%
Copper
4.10
(0.3%)
Oil
70.16
(0.03%)
Bitcoin
98,779.68
0.33%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,283.85
0.36%
Dow Jones
43,870.35
0.76%
Iron Ore
101.25
(0.75%)
USD/AUD
0.65
(0.32%)
Hang Seng
19,295.87
(1.62%)
Lithium
45.57
0.6%
Gold
2,691.00
0.71%
Copper
4.10
(0.3%)
Oil
70.16
(0.03%)
Bitcoin
98,779.68
0.33%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,283.85
0.36%
Dow Jones
43,870.35
0.76%
Iron Ore
101.25
(0.75%)
USD/AUD
0.65
(0.32%)
Hang Seng
19,295.87
(1.62%)
Lithium
45.57
0.6%
Gold
2,691.00
0.71%
Copper
4.10
(0.3%)
Oil
70.16
(0.03%)
Bitcoin
98,779.68
0.33%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,283.85
0.36%
Dow Jones
43,870.35
0.76%
Iron Ore
101.25
(0.75%)
USD/AUD
0.65
(0.32%)
Hang Seng
19,295.87
(1.62%)
Lithium
45.57
0.6%
Gold
2,691.00
0.71%
Copper
4.10
(0.3%)
Oil
70.16
(0.03%)
Bitcoin
98,779.68
0.33%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,283.85
0.36%
Dow Jones
43,870.35
0.76%
Iron Ore
101.25
(0.75%)
USD/AUD
0.65
(0.32%)
Hang Seng
19,295.87
(1.62%)
Lithium
45.57
0.6%
Gold
2,691.00
0.71%
Copper
4.10
(0.3%)
Oil
70.16
(0.03%)
Bitcoin
98,779.68
0.33%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,283.85
0.36%
Dow Jones
43,870.35
0.76%
Iron Ore
101.25
(0.75%)
USD/AUD
0.65
(0.32%)
Hang Seng
19,295.87
(1.62%)
Lithium
45.57
0.6%
Gold
2,691.00
0.71%
Copper
4.10
(0.3%)
Oil
70.16
(0.03%)
Bitcoin
98,779.68
0.33%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,283.85
0.36%
Dow Jones
43,870.35
0.76%
Iron Ore
101.25
(0.75%)
USD/AUD
0.65
(0.32%)
Hang Seng
19,295.87
(1.62%)
Lithium
45.57
0.6%
Gold
2,691.00
0.71%
Copper
4.10
(0.3%)
Oil
70.16
(0.03%)
Bitcoin
98,779.68
0.33%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,283.85
0.36%
Dow Jones
43,870.35
0.76%
Iron Ore
101.25
(0.75%)
USD/AUD
0.65
(0.32%)
Hang Seng
19,295.87
(1.62%)
Lithium
45.57
0.6%
Gold
2,691.00
0.71%
Copper
4.10
(0.3%)
Oil
70.16
(0.03%)
Bitcoin
98,779.68
0.33%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,283.85
0.36%
Dow Jones
43,870.35
0.76%
Iron Ore
101.25
(0.75%)
USD/AUD
0.65
(0.32%)
Hang Seng
19,295.87
(1.62%)
Lithium
45.57
0.6%
Gold
2,691.00
0.71%
Copper
4.10
(0.3%)
Oil
70.16
(0.03%)
Bitcoin
98,779.68
0.33%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,283.85
0.36%
Dow Jones
43,870.35
0.76%
Iron Ore
101.25
(0.75%)
USD/AUD
0.65
(0.32%)
Hang Seng
19,295.87
(1.62%)
Lithium
45.57
0.6%
Gold
2,691.00
0.71%
Copper
4.10
(0.3%)
Oil
70.16
(0.03%)
Bitcoin
98,779.68
0.33%
FTSE 100
8,149.30
0.79%
Nikkei 225
38,283.85
0.36%
Dow Jones
43,870.35
0.76%
Iron Ore
101.25
(0.75%)
USD/AUD
0.65
(0.32%)
Hang Seng
19,295.87
(1.62%)
Namoi Cotton (ASX: $NAM) recommends accepting Olam's takeover offer
- Author: Stock Piper
Namoi Cotton's ASX announcement on Olam and LDC takeover offers
Namoi Cotton Limited (ASX:NAM) has released a third supplementary target's statement, recommending shareholders to accept Olam Agri Australia Pty Ltd's takeover offer and reject Louis Dreyfus Company Melbourne Holdings Pty Ltd's offer. The Olam Offer values Namoi at a substantial premium and has support from two of Namoi's largest shareholders. The Olam Offer closes on Tuesday 8 October 2024.
Executive commentary on Olam and LDC takeover offers
The reasons for the recommendation that Namoi shareholders accept the Olam Offer are the substantial premium valuation, support from major shareholders, and proposed remedies to obtain regulatory approval. Each Independent Director who holds Namoi shares intends to accept the Olam Offer. Namoi will continue to keep shareholders informed of material developments associated with the offers.
Summary of Namoi Cotton's recommendation and outlook
Namoi Cotton Limited recommends accepting Olam's takeover offer due to the substantial premium valuation and support from major shareholders. The company advises rejecting Louis Dreyfus Company Melbourne Holdings Pty Ltd's offer. Shareholders are urged to follow the instructions provided to accept the Olam Offer, which closes on Tuesday 8 October 2024. Namoi will continue to keep shareholders informed of material developments associated with the offers.
| ASX
(+0%)
At close 28/10 (AEDT)
Market cap
$159.9M
Volume
6,757
DY Yield
0.0194
PE Ratio
25.733334
52 Week Range
0.355 - 0.78
1YR Return
N / A
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