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

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.