afr on tassal: "recent takeover rumours"

From this snippet written on Friday, 11th November (members only or take a free trial):

http://tools.afr.com/viewer.aspx?ATL://30b8c756-0aa7-11e1-972f-95f2c181f0d9§ion=tools

It says that since the 5-year low in September, TGR shares have rebounded about 25% to trade at about 11% higher year to date. Then it says recent takeover rumours follow the company's refusal of PEP to take a look at the books, when PEP offered an indicative price of $1.90, which TGR said undervalued the company.

It says that management have confirmed that increasing volumes of production have reduced operating costs, and yet the company is still trading cheaply, on a forward multiple of 8.8 times, with forecast earnings at 17.7c per share, with the brands Tassal and Superior Gold having secured about 2/3 of the domestic market for salmon sales. Of 6 analysts surveyed by Bloomberg, most analysts recommend investors hold the stock, with a consensus target price of $1.60.
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Back on the block for the fish, perhaps. IS there method in the madness of our stock blockers?

Today's market depth:

http://cb.iguana2.com/netwealth2/depth/tgr