Louis Dreyfus Company Extends Takeover Bid for Namoi Cotton
Key points
- Offer period extended to 30 October 2024
- Provides shareholders more time to accept the offer
- Offer remains open for Namoi Cotton shares not already owned by LDC
Full summary
Louis Dreyfus Company Melbourne Holdings Pty Ltd (LDC), a wholly owned subsidiary of Louis Dreyfus Company B.V., has extended the closing date of its off-market takeover offer to acquire all the ordinary shares in Namoi Cotton Limited (Namoi) that it does not already own or control. The offer period has been extended from 16 October 2024 to 7:00 pm (Sydney time) on 30 October 2024, unless further extended or withdrawn in accordance with the Corporations Act. LDC has extended the offer period to provide Namoi shareholders with an additional 10 business days to accept the offer and receive the consideration for their shares. Namoi shareholders are encouraged to read the replacement bidder's statement dated 7 May 2024 and accept the offer by logging into the dedicated website, completing and returning the personalised acceptance form, or instructing their broker to accept on their behalf.
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