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Louis Dreyfus trumps Singapores Olam Agri in bidding war for Australias Namoi Cotton

Dutch crop trader Louis Dreyfus raised its buyout offer for Namoi Cotton on Tuesday, with its bid that values the Australian cotton ginning firm at A$159.3 million ($110 million) signalling the end of a months-long bidding war as Singapores Olam Agri effectively surrendered arms.

Posted by Hicham ALAOUI RIZQ on 2024, Oct 01

Introduction

Dutch crop trader Louis Dreyfus raised its buyout offer for Namoi Cotton on Tuesday, with its bid that values the Australian cotton ginning firm at A$159.3 million ($110 million) signalling the end of a months-long bidding war as Singapores Olam Agri effectively surrendered arms.

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