Tag Archives: Cooke Inc.
We’re not ‘sinister’: Menhaden fish processers want lawsuit dismissed
As it said it would, Cooke Inc. has asked a judge to dismiss a lawsuit filed in a federal district court that claims the seafood company is defrauding the U.S. in the operation of the last East Coast menhaden processing facility. Known colloquially as pogies and bunker, menhaden fish kills have occasionally caused a stink at the Jersey Shore. The Canadian-based outfit said in its motion to dismiss that the two private citizens who brought the case against them are trying to make them appear “sinister.” “From the moment we became aware of this case, we have been eager to show that the allegations are inaccurate. Our legal filing underscores several key misstatements from the complaint and offers concrete evidence that they are false,” Cooke Inc. said in a prepared statement to the press. “We look forward to the court process and further opportunities to prove that the allegations are baseless.” more, >>CLICK TO READ<< 13:42
House kills fish bill: Does Virginia risk falling out of compliance with menhaden catch limits?
The House of Delegates on Tuesday killed a bill, opposed by an influential Northern Neck commercial fishing operation, that would have brought Virginia into compliance with new menhaden catch limits adopted last fall by a consortium of Atlantic states. Del. Barry Knight, R-Virginia Beach, made a motion to send his House Bill 1610, which had been sent down by Gov. Ralph Northam last month, back to committee, effectively spiking it for the year. In an interview, Knight said he did so in hopes that Northam’s administration and Omega Protein,,>click to read<20:42
Canada’s Cooke Inc. acquires Omega Protein Corporation
Cooke Inc. (“Cooke”), a New Brunswick company and parent of Cooke Aquaculture Inc., today announced the completion of its acquisition of Omega Protein Corporation (NYSE: OME) (“Omega Protein”), a nutritional product company and a leading integrated provider of specialty oils and specialty protein products. Under terms of the transaction, Cooke has acquired all outstanding shares of Omega Protein for $22 per share in cash, or a total value of approximately $500 million USD. click here to read the story 17:05
Cooke acquires Omega Protein for nearly USD 500 million
Cooke Aquaculture’s parent company has acquired Texas-based fish oil and fishmeal producer Omega Protein for nearly USD 500 million (EUR 428 million). The agreement has been unanimously approved by the board of directors of each of Omega Protein and Cooke, according to a press release. Cooke Inc., based in New Brunswick, Canada, and Houston-headquartered Omega Protein agreed to a purchase price of USD 22.00 (EUR 18.81) per share for the publicly traded company.,, The transaction, which is expected to close near the end of 2017 or early in 2018, according to Cooke, is subject to the approval of Omega Protein stockholders, certain regulatory approvals, and other customary closing conditions. click here to read the story 14:30
