(Bloomberg) -- Olam Agri Holdings Ltd. sweetened its offer for Australia’s Namoi Cotton Ltd., topping a proposal from rival Louis Dreyfus Co. and heating up ...
-- Olam Agri Holdings Ltd. sweetened its offer for Australia’s Namoi Cotton Ltd. , topping a proposal from rival Louis Dreyfus Co. and heating up a bidding war between two top agricultural commodities traders.The Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire Economy
Both companies already have a foothold in Australia’s cotton industry, which is the world’s sixth biggest. Olam acquired Queensland Cotton in 2007, and owns a number of ginning facilities in New South Wales and Queensland. Meanwhile, LDC acquired Dunavant’s Australian cotton business in 2010, and owns three processing plants across New South Wales and Queensland.
That offer was bested by Olam Agri, which in late March offered A$0.59, including a special dividend of 1 cent per share. On Monday, LDC topped that, agreeing to pay A$0.60 per share, exclusive of the 1 Australian cent dividend, for the shares it didn’t already own.Elon Musk vs. Jeff Bezos Is America’s New Moon RaceCredit Suisse Faces $36 Million Korea Short-Sale Fine: Chosun
OTTAWA -The Bank of Canada is getting closer to being able to start cutting interest rates from their current 23-year highs, Governor Tiff Macklem said on Wednesday. In testimony to the Senate banking committee, Macklem said inflation was coming down and Canadians wanted to know when the central bank would start cutting interest rates. Canada's annual inflation rate was 2.9% in March, a little higher than the previous month.
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