Louis Dreyfus Company Asia Pte. Ltd. made an offer to acquire remaining 83% stake in Namoi Cotton Limited from Samuel Terry Asset Management Pty Ltd and others for AUD0.51 per share.

Namoi Cotton Limited is a cotton processing and marketing company, which primarily operates in the Australian and global cotton industry. Its segments include Ginning and Co-Products, Marketing and Commodities. The ginning business operates about 11 cotton gins located in the growing areas of New South Wales (NSW) and Queensland. The ginning service provided to the growers during the production process includes the separation of lint cotton from seed and other foreign matter and the conversion of cotton in module form to bale form. The supply chain and marketing business involves warehousing and logistics services of cotton lint bales through Namoi Cotton Alliance, as well as the purchase and sale of lint cotton from Australian growers to Namoi Cotton Marketing Alliance. It operates containerized commodity packing facilities primarily packing cottonseed, coarse grains and pulses and sells these into various domestic and international markets through NC Packing Services Pty Ltd.