Inactive Instrument

TASSAL GR

Equities

TGR

AU000000TGR4

Australia's Tassal accepts sweetened $1.2 billion bid from Canada's Cooke

August 15, 2022 at 07:47 pm EDT

(Reuters) - Tassal Group said on Tuesday it had accepted a sweetened A$5.23 per share takeover offer from Canadian aquaculture company Cooke Inc, giving the Australia-based salmon producer an enterprise value of A$1.70 billion ($1.19 billion).

($1 = 1.4251 Australian dollars)

(Reporting by Roushni Nair in Bengluru; Editing by Aditya Soni)

Latest news about TASSAL GR

Tassal Group Limited acquired MPA Fish Farms Pty Ltd and MPA Marketing Pty Ltd from Marine Produce Australia Limited.	23-07-31	CI
Tassal Group Limited(ASX:TGR) dropped from S&P Global BMI Index	22-11-10	CI
Tassal Group Limited(ASX:TGR) dropped from S&P/ASX 300 Index	22-11-10	CI
Tassal Group Limited(ASX:TGR) dropped from S&P/ASX All Ordinaries Index	22-11-10	CI
Tassal Group Limited(ASX:TGR) dropped from S&P/ASX Small Ordinaries Index	22-11-10	CI
Aquaculture Australia Company Pty Ltd completed the acquisition of Tassal Group Limited.	22-11-08	CI
UBS Downgrades Tassal Group to Neutral From Buy, Adjusts Price Target to AU$5.23 From AU$4.10	22-08-17	MT
North American Morning Briefing : Retailers in -2-	22-08-16	DJ
Australian shares rise on mining boost as BHP declares record dividend	22-08-15	RE
Australia's Tassal accepts sweetened $1.2 bln bid from Canada's Cooke	22-08-15	RE
Australia's Tassal accepts sweetened $1.2 billion bid from Canada's Cooke	22-08-15	RE
Tassal Group Limited Reports Earnings Results for the Full Year Ended June 30, 2022	22-08-15	CI
Miners lift Australian shares to 2-week high on China demand hopes	22-06-28	RE
Cooke Inc. cancelled the acquisition of Tassal Group Limited.	22-06-27	CI
Aquaculture Australia Company Pty Ltd placed a non-binding indicative proposal to acquire Tassal Group Limited for AUD 1 billion.	22-06-26	CI
UBS Adjusts Tassal Group's Price Target to AU$4.1 From AU$4.05, Keeps at Buy	22-06-06	MT
Tassal Group Limited Announces Change of Company Secretary	22-05-01	CI
Tassal Group Limited Announces Ordinary Dividend for the Six Months Period Ended on December 31, 2021, Payable on March 30, 2022	22-03-24	CI
Tassal's Net Profit Jumps 32% in Fiscal H1	22-02-14	MT
Transcript : Tassal Group Limited, H1 2022 Earnings Call, Feb 15, 2022	22-02-14
Tassal Group Limited Declares Unfranked First Half of 2022 Interim Dividend, Payable on 30 March 2022	22-02-14	CI
Tassal Group Limited Reports Earnings Results for the Half Year Ended December 31, 2021	22-02-14	CI
Transcript : Tassal Group Limited - Shareholder/Analyst Call	21-10-27
Tassal Group Limited Appoints Kathy Parsons to the Board Effective 29 October 2021	21-10-26	CI
Transcript : Tassal Group Limited, 2021 Earnings Call, Aug 17, 2021	21-08-17

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Company Profile

Tassal Group Limited is an Australia-based company, which is engaged in the farming of Atlantic Salmon and Tiger Prawns, and the processing and marketing of salmon, prawns and other seafood. The Company's products offering include Fresh Deli, Fresh Packaged, Smoked Salmon, Cooked Salmon (Hot Smoked) and Canned Salmon. It produces a range of fresh portions and whole salmon. Its Tasmanian Atlantic salmon is sliced, and pin boned by machine and checked by hand. Its whole salmon and salmon fillets are available at local fresh fish shop and fresh seafood counters in Supermarkets. Its diverse range of fresh packaged products include new bigger portion packs with 300 grams (g) skin on and off and marinated mustard and dill. Its Smoked Salmon range includes Tassal Tassie Smoked Atlantic Salmon With Cracked Pepper 90g, Tassal Tassie Smoked Atlantic Salmon 100g, Tassal Tassie Smoked Atlantic Salmon With Lemon 90g and other. The Company operates through two segments: domestic and export.

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