Australia’s Tassal Group Rejects $700 Million Acquisition Bid from Cooke Inc.
Australia-based salmon farmer Tassal Group rejected a A$1.04 billion ($721.53 million) acquisition bid from Canada’s Cooke Inc. on June 27.
According to Reuters, shares of Tassal jumped over 16% to A$4.610 with the company on track for its best session ever following the announcement.
Tassal said its Board of Directors evaluated the proposal and determined that it “is not in the best interest of shareholders. The company also stated it would not engage with Cooke regarding the proposal...
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