Olam Agri increases offer for Namoi Cotton – again
Two international companies are locked in a heated takeover battle for control of Australia’s largest locally owned cotton processor, Namoi Cotton, with the bidders leapfrogging each other to dangle a bigger carrot in front of the company’s shareholders. Earlier this month Olam Agri Australia offered 66 cents a share for Namoi, trumping Louis Dreyfus Company…