TGR tassal group limited
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pacific andes selling stake...

  1. SP007
    1,114 Posts.
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    29/05/14
    18:06
    Post #: 13434155
    Asian seafood giant Pacific Andes is selling a 17.1 per cent stake in Tassal Group through broker UBS.

    UBS contacted fund managers after market close on Thursday offering 25 million shares at $3.65 each.

    The shares were being sold at an 11.2 per cent discount to their last close of $4.11 and a 9.7 per cent discount to the 5-day volume-weighted average priced.

    Pacific Andes will be left holding about a 5.5 per cent stake in the Tasmanian salmon grower and has agreed not to sell any more for 180 days.
    TGR Price at posting: $4.11 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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