Namoi Cotton Ltd (AU:NAM) has released an update.
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Namoi Cotton Limited has issued a second supplementary target’s statement in response to Olam Agri Australia Pty Ltd’s off-market takeover bid for all Namoi shares. This latest document includes additional disclosure from an independent expert and has been dispatched to shareholders, who have been unanimously advised by Namoi’s Independent Directors to reject the Olam offer. Shareholders can access the statement online or request a hard copy, and they’re encouraged to seek independent financial advice.
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