Olam ups its takeover offer for Namoi to 70 Australian cents

Olam Group has, through its 64.57%-owned subsidiary, Olam Agri Holdings, increased its offer to acquire all the shares in Namoi Cotton to 70 Australian cents (62 cents) per Namoi share.

The offer price now applies regardless of whether Olam obtains a relevant interest in at least 90% of shares in Namoi before the end of the offer period.