Australian Seafood Company

Cooke Aquaculture Announces $1.1-Billion Bid To Take Over Australian Seafood Company

Cooke Aquaculture Announces $1.1-Billion Bid To Take Over Australian Seafood Company

New Brunswick’s Cooke Aquaculture has entered into an agreement to take over Australian seafood company Tassal Group Limited. The deal would see Cooke shell out $5.23 per share, pegging Tassal’s value at more than $1.1 billion.

Cooke has had its eye on the company for a while.

In late June, Tassal told the Australian Securities Exchange it had rejected three takeover bids from Cooke. At the time, Cooke’s latest offer was for $4.85 per share.

Now, Tassal’s board of directors has unanimously recommended shareholders accept Cooke’s latest, $5.23-per-share offer. That vote will take place in November.

For more information follow the link below:

https://huddle.today/2022/08/16/cooke-aquaculture-announces-1-1-billion-bid-to-take-over-australian-seafood-company

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