On Thursday, shareholders of Tasmania’s premier marine despoiler Tassal voted to sell the salmon farmer to Cooke Aquaculture, a fitting suitor given its track record of breaching environmental laws in Canada and the US.
The $1.1 billion transaction was endorsed by independent expert Kroll Australia, which found that accepting the $5.23 a share offer was in the best interests of scrip holders.
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Michael Roddan is a Walkley Award-winning national correspondent based in Sydney. He is a former business and economics reporter for The Australian. Connect with Michael on Twitter. Email Michael at m.roddan@afr.com
