Olam Agri plans no extension to A$144 mln proposal for Australia's Namoi Cotton

Namoi Cotton

01/10/2024 05:26

Oct 1 (Reuters) - Singapore's Olam Agri Holdings
 IPO-OLAA.SI  said on Tuesday it will not to extend its buyout
offer for Namoi Cotton  NAM.AX , which values the Australian
cotton producer at A$144 million ($99.62 million), beyond its
current closure date of Oct. 8.   
    The offer remains conditional, and Olam Agri will not
declare it free from these conditions, the Singapore-based
company said in statement. 

     ($1 = 1.4455 Australian dollars)
    

 (Reporting by Roushni Nair in Bengaluru; Editing by Sherry
Jacob-Phillips)
 ((Roushni.Nair@thomsonreuters.com;))