(Bloomberg) -- Independent directors at Namoi Cotton Ltd. recommended that shareholders accept the most recent takeover bid from Louis Dreyfus Co., which...
-- Independent directors at Namoi Cotton Ltd. recommended that shareholders accept the most recent takeover bid from Louis Dreyfus Co., which raised its offer earlier in the day and said it had acquired nearly half of the Australian company’s shares.A Housing Crisis Brews in Rwanda’s Capital City
Dreyfus increased its offer to A$0.77 a share and said it now owned 47.66% of Namoi, according to an exchange filing on Tuesday. The bid, which values the cotton processor at A$158 million, is scheduled to close on Oct. 9. Samuel Terry Asset Management, Namoi’s biggest shareholder, had accepted its offer, Dreyfus said.
At least 16 people were hospitalised in Thailand on Tuesday when a school bus carrying an estimated 44 students and teachers on a field trip caught fire on the outskirts of the capital Bangkok, the government said. Sixteen students and three teachers were sent to a hospital for treatment, Transport Minister Suriya Juangroongruangkit said, adding the causes of the incident were still be investigated.
Namoi Cotton Ltd. Louis Dreyfus Independent Directors Samuel Terry
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