Cooke Inc. placed a non-binding indicative proposal to acquire Tassal Group Limited (ASX:TGR) for AUD 1 billion on June 27, 2022. Under the terms, Cooke Inc. will acquire all shares for AUD 4.85 per share. Tassal employs over 1,700 people in Tasmania and Australia. Transaction is subject to approval of Cooke's and Tassal Group board approval. Goldman Sachs acted as financial advisor and Herbert Smith Freehills acted as legal advisor to Tassal Group. Kidder Williams Limited acted as financial advisor to Cooke Inc. Cooke Inc. cancelled the acquisition of Tassal Group Limited (ASX:TGR) on June 28, 2022.