Namoi Cotton Ltd (AU:NAM) has released an update.
Namoi Cotton Limited has announced that it has received support from Samuel Terry Asset Management, a shareholder with a 25% stake, for the revised off-market takeover bid from Olam Agri Holdings Limited. Shareholders of Namoi are advised that no action is needed at this stage while the company promises to keep the market updated on further developments. The announcement comes with an assurance of continued communication in line with disclosure obligations.
For further insights into AU:NAM stock, check out TipRanks’ Stock Analysis page.
