-- Louis Dreyfus Co. won’t support Olam Agri Holding Ltd.’s offer for Namoi Cotton Ltd. , as the bidding war between the two major agricultural commodities traders for the Australian producer heats up. LDC , which holds a 17% stake in the Australian producer, would not accept Olam Agri’s offer, it said in a regulatory filing on Friday. LDC and Olam Agri have progressively raised their bids over the last few months. Olam ’s most recent offer on Thursday valued Namoi at A$135.
"Their frustration is understandable, but this kind of expectation betrays a misunderstanding of what's actually driving food prices higher in this country."TFSA: 3 Canadian Stocks to Buy and Hold Forever The Montreal-based airline reported an adjusted net loss of $96 million, or 27 cents per share, more than the seven cents per share loss that analysts had expected.You can expect to earn reliable monthly passive income for years to come by investing in these two top Canadian monthly dividend stocks now. The post Monthly Income Masters: 2 Canadian Stocks Paying Steady Dividends Every 30 Days appeared first on The Motley Fool Canada.
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