Namoi Cotton Ltd (AU:NAM) has released an update.
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Samuel Terry Asset Management Pty Ltd, acting for Samuel Terry Absolute Return Fund, has ceased to be a substantial shareholder in Namoi Cotton Limited. The company has been actively trading shares, with on-market purchases at 71c and 72c per share, and an acceptance of a 77c takeover offer from LDC. These transactions include significant acquisitions totaling over 51 million shares, marking notable changes in their investment in Namoi Cotton.
For further insights into AU:NAM stock, check out TipRanks’ Stock Analysis page.