Olam Agri one ups Louis Dreyfus with sweetened $95 mln bid for Namoi Cotton

Namoi Cotton

08/05/2024 24:17

May 8 (Reuters) - Singapore's Olam Agri  IPO-OLAA.SI 
said on Wednesday it intends to raise its off-market takeover
offer for Australia's Namoi Cotton  NAM.AX  to A$144.9 million
($95.49 million), a day after rival bidder Louis Dreyfus valued
Namoi at A$138.6 million.

($1 = 1.5175 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru; Editing by Shailesh
Kuber)
 ((Roshan.Thomas@thomsonreuters.com;))