The board of Australian salmon farmer Huon Aquaculture issued a statement Monday indicating its continued support of a takeover by Brazilian protein giant JBS Group, despite apparent opposition from shareholder Tattarang and interest from Canadian salmon heavyweight Cooke Aquaculture.
Chairman Neil Kearney said JBS's cash offer of AUD 3.85 (€2.35/$2.75) per share offered "compelling" value, representing a 61 percent premium on the closing price on Feb. 26, when the strategic review to consider corporate level transactions was announced.
Since the JBS offer was made, Tattarang Agrifood, a company owned by West Australian mining magnate Andrew Forrest, acquired an 18.5
