Louis Dreyfus Company Asia Pte. Ltd. made an offer to acquire remaining 83.01% stake in Namoi Cotton Limited (ASX:NAM) from Samuel Terry Asset Management Pty Ltd and others for AUD 0.51 per share on November 28, 2023. Louis Dreyfus Company Asia Pte. Ltd. signed an agreement to acquire remaining 83% stake in Namoi Cotton Limited (ASX:NAM) from Samuel Terry Asset Management Pty Ltd and others for AUD0.51 per share on January 19, 2024. The NBIO is subject to a number of conditions, including completion of confirmatory due diligence to the satisfaction of LDC; and entry into a Scheme Implementation Agreement (?SIA?) that will be subject to a range of conditions, including regulatory approvals (Australian Competition and Consumer Commission, Foreign Investment Review Board and Australian Securities and Investment Commission) and Namoi shareholder approval at a Scheme meeting. Louis Dreyfus Company Asia Pte. Ltd. cancelled the acquisition of remaining 83% stake in Namoi Cotton Limited (ASX:NAM) from Samuel Terry Asset Management Pty Ltd and others on April 29, 2024. As of April 30, 2024, Louis Dreyfus Company increased the offer price to AUD 0.6 to acquire remaining 83.01%. As of May 6, 2024, Louis Dreyfus Company increased the offer price to AUD 0.67.

Blackpeak Capital is acting as financial advisor to Namoi. KWM is acting as legal advisor to Namoi. Arnold Bloch Leibler acted as legal advisor, UBS Securities Australia Ltd acted as financial advisor and Computershare Investor Services Pty Limited acted as registrar to Louis Dreyfus Company.

Louis Dreyfus Company Asia Pte. Ltd. cancelled the acquisition of remaining 83.01% stake in Namoi Cotton Limited (ASX:NAM) from Samuel Terry Asset Management Pty Ltd and others on May 22, 2024.