Aurora Cannabis urges shareholders to take no action on Curaleaf’s revised hostile bid offering US$5 per share
ACB•Curaleaf revised its unsolicited bid for Aurora Cannabis, offering 0.4013 Curaleaf subordinate voting shares and US$1 in cash per Aurora share, implying US$5 per share.
1. Revised bid terms
Aurora Cannabis urged shareholders to take no action on Curaleaf’s revised hostile bid, which implies consideration of US$5 per Aurora share. The offer includes 0.4013 Curaleaf subordinate voting shares and US$1 in cash per share. Aurora’s board special committee launched an independent review, and Curaleaf set a revised expiry date of at least Dec. 4, 2026.
