Tag Archives: Tassal

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

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

Tasmanian mayor heckled, ‘no confidence’ in minister, over fish farm pollution fears

The sometimes-heated community meeting was called to discuss Tassal’s plan for a fish farm in Okehampton Bay. A petition was also circulated calling on Glamorgan Spring Bay mayor Michael Kent to resign. The town appears to be splitting by some accounts over the fish farm proposal. Councillor Kent told the meeting he had been the subject of a campaign of mistruths and misinformation. Tensions boiled over in the crowd and there was loud heckling and booing. Bumper stickers opposing the project were distributed and slides shown of alleged instances of intimidation. Vision of the current state of Okehampton Bay was also shown. The meeting was also told the fish farm on the state’s east coast would have little economic benefit, and threatened the area’s marine health. continue reading the story here 12:52