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Namoi Cotton (ASX: $NAM) extends takeover bid closing date

Namoi Cotton takeover bid extension announcement


Namoi Cotton Limited (ASX: $NAM) has announced the extension of the closing date for the off-market takeover offer by Louis Dreyfus Company Melbourne Holdings Pty Ltd (LDC). The offer period has been extended to 7:00 pm (Sydney time) on 19 July 2024, as communicated in the notice lodged with the Australian Securities and Investments Commission.

Executive commentary on takeover bid extension


Louis Dreyfus Company Melbourne Holdings Pty Ltd (LDC) is pleased to inform Namoi Cotton Limited shareholders about the extension of the offer period to 19 July 2024. Shareholders are encouraged to review the Bidder's Statement available at www.Idcoffer.com.au and take necessary actions to accept the offer. LDC remains committed to the acquisition and looks forward to continued engagement with Namoi shareholders.

Summary of Namoi Cotton takeover bid extension


Namoi Cotton Limited (ASX: $NAM) has extended the closing date for the off-market takeover offer by Louis Dreyfus Company Melbourne Holdings Pty Ltd (LDC) to 19 July 2024. Shareholders are urged to carefully consider the extension and take appropriate steps as outlined in the notice. The extension provides shareholders with additional time to evaluate the offer and make informed decisions. LDC reaffirms its commitment to the acquisition and emphasizes the importance of shareholder engagement throughout the process.

NAMOI COTTON LIMITED
NAM | ASX | Industrials
0.650(+0%)
At close 05/07 (AEDT)
Market cap
$133.5M
Volume
0
DY Yield
2.31
PE Ratio
19.12
52 Week Range
0 - 0.77
1YR Return
124.138%

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