Tassal recommends shareholders accept $1.1 billion takeover bid from Canadian seafood giant Cooke

August 16, 2022 Canada, International

The last remaining Australian-owned major salmon producer looks set to go to foreign hands, after Canadian aquaculture company Cooke upped its offer for Tassal. Tassal told the Australian Securities Exchange that it has recommended shareholders accept Cooke’s latest $5.23 per share bid, which values the company at $1.1 billion. Cooke has attempted to purchase Tassal for months, lodging three unsuccessful takeover bids, with the latest in June valued at $4.85 per share. The potential acquisition of Tassal follows foreign takeovers of Australia’s other two major salmon companies. New Zealand seafood giant Sealord purchased Petuna in 2020, while Brazilian-owned JBS completed its takeover of Huon Aquaculture last year. >click to read< 10:09

$1.1 billion takeover bid, Australia, Australian salmon producer, Cooke Aquaculture, Fish Farm, Tasmania, Tassal

Leave a ReplyCancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ocean Resource Privatization

Articles Posted by Date
December 2024

M T W T F S S

1

2 3 4 5 6 7 8

9 10 11 12 13 14 15

16 17 18 19 20 21 22

23 24 25 26 27 28 29

30 31

« Nov

December 2024
M	T	W	T	F	S	S
	1
2	3	4	5	6	7	8
9	10	11	12	13	14	15
16	17	18	19	20	21	22
23	24	25	26	27	28	29
30	31

The New England groundfish debacle (Part III): who or what is at fault? Nils E. Stolpe/FishNet

It took me a while to decide how to most accurately describe the situation that has been visited upon the New England fishing communities that are and since colonial times have been dependent on the groundfish fisheries.

NILS STOLPE: The New England groundfish debacle (Part IV): Is cutting back harvest really the answer?

While it’s a fact that’s hardly ever acknowledged, the assumption in fisheries management is that if the population of a stock of fish isn’t at some arbitrary level, it’s because of too much fishing. Hence the term “overfished.” Hence the mandated knee jerk reaction of the fisheries managers to not enough fish; cut back on fishing. What of other factors? They don’t count. It’s all about fishing, because fishing is all that the managers can control; it’s their Maslow’s Hammer. When it comes to the oceans it seems as if it’s about all that the industry connected mega-foundations that support the anti-fishing ENGOs with hundreds of millions of dollars a year in “donations” are interested in controlling. Read the article here

Recent Posts
- Lobster levy to get review after Lobster Council of Canada criticism
  
  Provincial governments in the Maritimes want a review of the publicly funded industry group pushing for a lobster levy to help promote the industry. The review Read More »
- Groundfishermen: ‘It feels like we’re just forgotten’
  
  New Hampshire fishermen say temporary federal aid for at-sea monitor coverage is barely holding their industry afloat now that a court battle over the cost appears Read More »
- An Act to amend the Coastal Fisheries Protection Act of Canada
  
  Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: 18th JUNE, 2015 BILL S-3 Read More »
- New research reveals shifting identities of global fishing fleet to help bolster fisheries management
  
  A new study published today in Science Advances combines a decade’s worth of satellite vessel tracking data with identification information from more than 40 public registries to Read More »
- Maine regulators’ deal with native tribes over elver fishery collapses at key stage
  
  AUGUSTA — A tentative agreement between state regulators and Maine’s Native American tribes for the upcoming elver season collapsed Wednesday as state officials cited concerns in Read More »
- PUTNAM: Slow government action hurts fisheries
  
  Christian Putnam is a Scituate resident and board member of Friends of South Shore Fisheries. This is his take on administrative bureaucrats, stock assessments, cod behavior, Read More »
- P.E.I. Lobster season delayed by weather, need for dredging
  
  No date has yet been set for opening P.E.I.’s spring lobster fishery in LFAs 24 and 26A. The season was originally set to open on Saturday. Read More »
- Valley shrimping companies looking for a way out
  
  Rio Grande Valley shrimpers say they’re ready to sell off their fleets. For years, they’ve faced big losses, and they’re still waiting for help. At the Read More »
- SouthCoast Woman of the Year: Canastra’s drive helping keep groundfishing alive
  
  Among the grizzled lifelong fishermen sat six-year-old Cassie Canastra. She staked claim to the seat toward the right side of the second table in the small Read More »
- On Long Island, fishing is a family business and a way of life
  
  Mark and Mary Bess Phillips are among a dwindling number of commercial fishing families on Long Island. On Wednesday, July 25, they discussed their experiences while Read More »
- Celebrating with sake, Japanese whalers bring ashore first catch
  
  It was a catch three decades in the making, and when the Japanese whalers brought ashore one of their first minke after the resumption of commercial Read More »
- Long Island Coronavirus Hangover: Fishermen’s business remains in the doldrums even as restaurants reopen
  
  While many local fishermen sell to local retailers, a steady local business even through the pandemic, the lion’s share of local fish go to companies that Read More »
- Success of NY Offshore Wind Industry Depends on Collaboration with Scallop Fishery – Who’s leaving because of Displacement?!
  
  Governor Cuomo’s 2018 Offshore Wind Master Plan outlines steps for offshore wind development until 2030. A first-of-its-kind document in the United States, the plan delineated a study Read More »
- Martin Olsen, a Commercial Fisherman
  
  Martin O. Olsen, 82, of Fairhaven passed away Thursday, September 10, 2020 at St. Luke’s Hospital in New Bedford after a brief illness. He was the Read More »
- Conserving lobster stocks: Lobster landings data released by DFO show complex picture
  
  Both Mi’kmaw fishers and people who work in the commercial fishing industry say conservation is a key concern. Some in the commercial fishing industry have pointed Read More »
- Sussex RNLI remember F/V Joanna C tragedy on first anniversary
  
  38-year-old Robert Morley and 26-year-old Adam Harper drowned when their boat sank on the 21st of November 2020. The captain of the boat, Dave Bickerstaff, was pulled Read More »
- House Subcommittee Hearing (in part) to Exempt Commercial Fishing and For-Hire Fishing Vessels
  
  From Garden State Seafood Association: The Subcommittee on Coast Guard and Maritime Transportation of the Committee on Transportation and Infrastructure of the U.S. House of Representatives Read More »
- High hopes for lobster season in Pictou County !
  
  The sou’Wester – As lobster fishermen in Pictou County, N.S. have been gearing up for the start of the lobster season, they are holding out high Read More »
- Shea’s science
  
  Things have never been so weird as they are right now. Pam Anderson, the First Lady of Ladysmith, proud possessor of a silicon valley of world Read More »
- X15-Powered Lobster Boats on the Water, the first commercial fishing application of this engine.
  
  When Steve Corkum Jr. of Yarmouth Sea Products couldn’t find a yard prepared to build 15 lobster boats in a single order, he started his own Read More »
- Iceland volcano spews smoke, lava in 4th eruption since December – Nearby fishing town evacuated
  
  A volcano in Iceland erupted for the fourth time since December on Saturday, the country’s meteorological office said, spewing smoke and bright orange lava into the Read More »
- Coast Guard issues violations for illegal fishing near Cape Romain
  
  A Coast Guard boarding team issued fishing and safety violations Thursday to a vessel 19 miles east of Cape Romain, South Carolina. The 44-foot fishing vessel Read More »
- NOAA locates F/V Destination wreckage, Coast Guard hearing set for August
  
  Two NOAA ships, en route to scientific missions in Alaskan waters, helped locate the missing fishing vessel Destination at the request of the U.S. Coast Guard Read More »
- Galesburg fishing start-up catches Forbes’ eye
  
  The president of one of Galesburg’s most successful start-up companies was as surprised as anyone to find his company featured on the Forbes magazine website. Sitka Read More »
- Federal proposal: Kill salmon-eating seabirds
  
  The proposal is the preferred action in a draft management plan released Thursday by the U.S. Army Corps of Engineers. The colony of double-crested cormorants on Read More »