ASX Announcements
Market Sensitive
Supplementary Bidder's Statement
Bidder’s Statement - Off-market bid
- Sep 4, 2024
- 8 pages
Market Sensitive
Extension of Olam Agri Takeover Bid
Variation of Takeover Bid, Takeover - extension of offer period
- Sep 3, 2024
- 6 pages
Market Sensitive
Takeover - extension of offer period, Letter to Shareholders
- Aug 30, 2024
- 4 pages
August
Olam bid for Namoi Cotton doomed, says former competition boss
Former Australian Competition and Consumer Commission chairman Allan Fels sees no way Olam can get approval for a takeover of Namoi Cotton.
- Brad Thompson
June
Competition red flags for Olam in battle for Namoi Cotton
ACCC commissioner Stephen Ridgeway says the bidding war for Namoi Cotton could “all fall over” if rival bidders can’t overcome “serious competition issues”.
- Brad Thompson
Louis Dreyfus refuses to back down in battle for Namoi Cotton
The French agribusiness giant has turned up the heat on rival bidder Olam as the competition watchdog casts a big shadow over the fight for the ASX-listed group.
- Brad Thompson
May
ACCC intervenes in bidding war over Namoi Cotton
The regulator’s intervention pushed shares down eight per cent at the start of trade on Thursday. It has fielded offers from France’s Louis Dreyfus and Olam.
- Kylar Loussikian
Louis Dreyfus fires back at Olam in takeover battle for Namoi Cotton
The French agribusiness has struck another blow in the battle with its Singaporean competitor for control of Namoi Cotton.
- Brad Thompson
Takeover battle for Namoi Cotton heats up with fresh bid
Singapore-based group Olam has moved to trump Louis Dreyfus’ latest takeover offer for the Australian business.
- Brad Thompson
April
Louis Dreyfus hits back in bidding war for Namoi Cotton
The French agribusiness giant has trumped a takeover from Olam in the latest twist in the battle for Namoi Cotton.
- Brad Thompson
Louis Dreyfus confirms higher bid at Namoi Cotton
The French commodities giant has confirmed it intends to make a 60¢-a-share bid for Namoi Cotton, after Street Talk reported it had beefed up it advisory lineup.
- Sarah Thompson, Kanika Sood and Emma Rapaport
The takeover: Louis Dreyfus bankers up for Namoi Cotton fight
Street Talk understands the French commodities giant has hired UBS and Arnold Bloch Leibler, setting the stage for a hostile bidding war.
- Sarah Thompson, Kanika Sood and Emma Rapaport
March
Olam lobs $122m bid in takeover war for Namoi Cotton
Global agribusiness heavyweights are locked in a takeover battle for Namoi Cotton and its strategic food and fibre infrastructure assets in Queensland and NSW.
- Brad Thompson
June 2023
Namoi Cotton fires up ‘strategic review’, CEO quits
The CEO of the cotton business is departing after only two years in the role, as the company flagged the prospect of changes.
- Liam Walsh
November 2022
Chinese farmer joins $50m cotton project in Australia’s far north
A Chinese company has joined forces with Aussie farming giant Ron Greentree and locals in WA’s far north to build a cotton gin helped by $34 million in financing from the federal government.
- Brad Thompson
July 2018
Andrew Brown's hedge fund East 72 and the global hunt for value
Andrew Brown's small but high-octane hedge fund is taking on the ultimate non-consensus short in Macquarie Group alongside his typical deep value ideas.
- Updated
- Vesna Poljak
January 2013
Namoi allies with world’s biggest cotton trader
The world’s biggest cotton trader Louis Dreyfus Commodities Group will become the biggest shareholder in Australia’s second biggest cotton ginner Namoi Cotton Co-operative after striking a joint-venture deal involving the marketing and packing assets of the struggling cotton group.
- Julie-anne Sprague
May 2011
Namoi needs wealthy investor
Australia’s second-largest cotton ginner, Namoi Cotton, has been forced to search out a deep-pocketed strategic investor to help fund its marketing operations.
- Updated
- Julie-anne Sprague
October 2010
Company briefs
Leighton Holdings said it would ask the Takeovers Panel to require Spanish group ACS to pay a premium to buy the Australian group’s shares if it succeeds in its bid for Germany’s Hochtief, which last week made a similar request.
- Updated
August 2009
Cotton group picks up
Shares in Namoi CottonCo-operative, Australia's leading cotton marketer, have jumped 40 per cent since the company reported a full-year profit of $7 million in February
- Matthew Cranston
Namoi Cotton (NAM)
Shares in Namoi Cotton Co-operative, Australia's leading cotton marketer, have jumped 40 per cent since reporting a $7 million full-year profit in February 2009
- Matthew Cranston
October 2008
Namoi Cotton (NAM)
Despite the impact of the drought on Australian agriculture, Namoi Cotton has upgraded its net profit forecast for the 2009 financial year.
- Peter Wells