Aurora Cannabis seeks Alberta regulator order over alleged Curaleaf hostile bid disclosure lapses
ACB•Board reiterates rejection of the offer
The board reiterated its recommendation that shareholders reject the bid, take no action, and withdraw any tendered shares.
Aurora says bid may not qualify as a permitted bid
Aurora argues the 105-day issue means the offer is not a “permitted bid” under its shareholder rights plan, risking a trigger above 20% ownership.
Aurora seeks regulator order over Curaleaf bid disclosures
Aurora Cannabis filed an application with the Alberta Securities Commission seeking an order forcing Curaleaf to fix alleged hostile-bid disclosure breaches.
The filing alleges Curaleaf’s circular lacks required pro forma financials, fails to meet the 105-day minimum deposit period, and omits French-language notice.
