Since news emerged in June that seafood giant Cooke Aquaculture was in the hunt for Australian salmon and shrimp farmer Tassal, the latter’s stock price has risen 36 percent and is now nearing record levels, and is above the prices Cooke offered in its takeover bids.

Closing Aug.1 at AUD 4.90 (€3.40/$3.50), Tassal’s share price has climbed 34 percent since the beginning of June when it was AUD 3.66 (€2.50/$2.60) and rocketed more than 40 percent since the start of the year, when it was AUD 3.47