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AAP

Business

Ethan James

Tassal shareholders back foreign takeover

Tassal Cooke Australia Bob Brown Foundation Tasmania United States

Activists protested outside a Tassal meeting which confirmed shareholder support for a takeover bid. (Con Chronis/AAP PHOTOS) (AAP)

Australia's largest salmon producer Tassal is heading for foreign ownership after shareholders voted in favour of a $1.1 billion takeover by Canadian company Cooke Aquaculture.

Almost 97 per cent of Tassal shareholder votes were in favour of the $5.23 per share takeover bid, it was confirmed after a company meeting in Melbourne on Thursday.

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