TGR received a non-binding indicative incomplete and conditional proposal

Tassal Group Limited (ASX: TGR) announced that it had received a non-binding, indicative, incomplete and conditional offer from Cooke Inc. to buy whole Tassal’s ordinary shares via scheme of arrangement for cash consideration of $4.85 per Tassal share.

The proposal is subject to conditions comprising Cooke’s board approval, Tassal’s board approval, arrangements for key management, and entry into a Scheme Implementation Deed, including exclusivity provisions. Cooke has indicated that it has obtained Foreign Investment Review Board approval. This indicative proposal follows earlier indicative non-binding, confidential offers received from Cooke for $4.67 and $4.80 per Tassal share. Tassal Group’s Board evaluated those offers and decided not to engage in relation to them.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au