Australia's Namoi Cotton recommends shareholders reject Louis Dreyfus' $92 mln takeover bid
22/05/2024 24:16
May 22 (Reuters) - Namoi Cotton NAM.AX on Wednesday asked shareholders to reject Dutch commodity merchant Louis Dreyfus Company's A$138.6 million ($92.39 million) offer to take full control of the cotton ginning firm. ($1 = 1.5002 Australian dollars) (Reporting by Aaditya Govind Rao in Bengaluru) ((Aaditya.GovindRao@thomsonreuters.com;))
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