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Competition red flags for Olam in battle for Namoi Cotton

Brad Thompson
Brad ThompsonReporter
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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 was a reporter at The Australian Financial Review
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    Original URL: https://www.afr.com/companies/agriculture/competition-red-flags-for-olam-in-battle-for-namoi-cotton-20240620-p5jnda