We wrote a note, see here, outlining our bullish views on Tassal, a little while ago.
Today, news of a takeover has broken, a bid price of around $4.85. This follows two other bids, seemingly non-disclosed, in the $4.60-$4.80 region.
TGR management have also decided to reject this bid, deeming it “too low”.
It is unclear whether another bid will emerge, at a higher price, or from another player.
In any case, for the moment, it is very good news for investors who use our portfolios.
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