The Namoi Cotton share price plunged after a takeover bid from Singapore-based Olam registered three red lights with the competition regulator, and NSW Farmers said its members had concerns about any change of control.
Namoi stock fell almost 8 per cent to 64¢ in trading on Thursday before recovering to close 4.3 per cent down at 66.5¢.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
