November 1, 2021 — Huon Aquaculture shareholders have approved a takeover bid by JBS Australia, a subsidiary of Brazilian meatpacking giant JBS.
At a 29 October company meeting, Huon shareholders offered more than 90 percent support to concurrent acquisition proposals put forth by JBS, which has agreed to pay AUD 3.85 (USD 2.82, EUR 2.39) per Huon share, a transaction worth around AUD 425 million (USD 313.5 million, EUR 266.1 million).
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August 19, 2021 — Cooke Aquaculture has confirmed its interest in purchasing Tasmania, Australia-based salmon-farming firm Huon Aquaculture, in the midst of a takeover bid from Brazilian meat processing giant JBS.
However, JBS has run into difficulty in the form of activist investor Andrew “Twiggy” Forrest, who has used his minority interest in Huon to push for increased environmental standards. In response, JBS issued a parallel bid for control of the company that seeks a 50.1 percent minimum acceptance condition. In a notice filed with the Australian Stock Exchange on 17 August, Huon announced JBS had upped its ownership to 40.53 percent of the voting power of the company.
January 21, 2021 — Millions of dollars’ worth of salmon were allegedly stolen from a processing plant operated by Huon Aquaculture in Sydney, Australia.
According to reports, police have charged five people in the alleged theft of 250 metric tons of salmon reportedly amounting to AUD 4 million (USD 3.09 million, EUR 2.55 million)