Curaleaf launches bid for Aurora Cannabis at implied price of US$4 per share
ACB•Curaleaf launches take-over bid for all outstanding Aurora shares
- Curaleaf launched a take-over bid for all outstanding Aurora Cannabis common shares, taking the offer directly to shareholders.
- Consideration implies US$4 per share: 0.3463 Curaleaf subordinate voting share plus US$0.75 cash, based on Aug. 10 pricing.
- The offer implies a 45% premium to Aurora’s 30-day VWAP of US$2.75, rising to 110% on an ex-cash basis.
- The exchange ratio is capped at a maximum value of US$5 per Aurora share, using a 20-day VWAP-based adjustment mechanism.
- The bid is open until 5:00 p.m. Mountain Time on Dec. 1, 2026, subject to minimum tender conditions and customary approvals.
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