Olam Agri Raises Offer for Australia’s Namoi Cotton Amid Escalating Bidding War
Olam Agri, the agribusiness arm of Singapore’s Olam Group, has increased its offer to acquire Australia’s Namoi Cotton NAM.AX, as an international bidding war escalates between the Singapore-based firm and Dutch company Louis Dreyfus Co (LDC). Olam Agri will now offer Namoi shareholders A$0.70 per share, a three-cent increase from Louis Dreyfus’ previous bid, valuing […]