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New Deal


Announced

Cooke to acquire of a 5.398% stake in Tassal Group for $1.04bn.

Financials

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Transaction Value£846m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For5%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Australia

Farming Fishing Ranching and Plantations

Acquisition

Minority

Single Bidder

salmon farming

Domestic

Friendly

Pending

Private

Synopsis

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Cooke, a Canadian producer of seafood, agreed to acquire of a 5.398% stake in Tassal Group, a Tasmanian-based Australian salmon farming company, for $1.04bn. This indicative proposal follows previous indicative non-binding confidential proposals received from Cooke for $4.67 and $4.80 per Tassal share.

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