Curaleaf Holdings Formally Launched Hostile Takeover Bid for Aurora Cannabis on Aug. 18, Offering $4 Per Share, a 45% Premium
The U.S. multistate operator commenced its acquisition effort with a tender offering filed with the SEC, proposing a deal consisting of almost 0.35 of a Curaleaf share and $0.75 in cash per Aurora share. Curaleaf stated it went hostile due to a lack of meaningful response from Aurora's management. Aurora had previously implied the offer was inadequate but committed to forming a special committee to evaluate it.
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