On August 15, 2022, Cooke Inc., the parent company of Cooke Aquaculture Inc. from Canada, agreed to acquire all outstanding shares of Australia's Tassal Group Limited for A$5.23 per share, valuing Tassal at approximately A$1.1 billion (CAD 1.53 billion). This marked a 49% premium on Tassal’s closing share price as of June 22, 2022. Tassal, listed on the Australian Securities Exchange, stands as Australia's prime seafood producer, boasting 36 years of experience. They produced considerable quantities of Atlantic salmon and Black Tiger Prawn in 2021, distributed via its De Costi Seafood business. Glenn Cooke, CEO of Cooke Inc., emphasized the companies' similarities and expressed intentions to prioritize environmental initiatives, expand sales channels, and invest in technology to advance Tassal’s capabilities. Meanwhile, Mark Ryan, Tassal's CEO, acknowledged the acquisition as a pivotal step towards sustainability goals. The acquisition would elevate Cooke's annual salmon production from 115,000 metric tonnes to 155,000 metric tonnes, nearing the top five global producers. Completion of the deal awaits approval from Tassal shareholders and the Court, estimated for late 2022. Cooke enlisted the advisory services of Kidder Williams and the legal expertise of Australian law firm, Allens.