Namoi Cotton Ltd (AU:NAM) has released an update.
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Louis Dreyfus Company Melbourne Holdings Pty Ltd has increased its substantial holding in Namoi Cotton Ltd, with the voting power rising from 70.12% to 71.96% through recent acquisitions. The changes occurred through acceptances of offer(s) made under the Takeover Offer and an on-market transaction. This marks a significant change in the shareholding structure of Namoi Cotton, potentially impacting the company’s future direction.
For further insights into AU:NAM stock, check out TipRanks’ Stock Analysis page.