Curaleaf Announces Intention To Launch Take-Over Bid For Aurora Cannabis
ACB•Curaleaf proposes offer for Aurora Cannabis
Aug. 11 (Reuters) - Aurora Cannabis Inc. ACB.TO:
- Curaleaf announces intention to launch take-over bid for Aurora Cannabis to solidify its position as the global cannabis industry leader
- Curaleaf Holdings says the offer values Aurora at US$4.00 per share: 0.3463 Curaleaf shares plus US$0.75 cash
- Curaleaf Holdings says the offer consideration per Aurora share is subject to a cap of US$5.00
- Curaleaf Holdings, Inc. urges Aurora's board to engage in good-faith discussions regarding the proposed transaction
- Curaleaf says the deal is expected to be immediately accretive to both Curaleaf International's and consolidated combined company's margins
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