Investing News Network Deals and strategy
Curaleaf Plans US$272 Million Hostile Bid for Aurora Cannabis
Curaleaf Holdings announced a US$272 million hostile takeover bid for Aurora Cannabis after previous private attempts to negotiate were unsuccessful. The offer, valued at an implied US$4.00 per share with a cap of US$5.00, represents a 45 percent premium over Aurora’s 30-day volume-weighted average price. Aurora's board confirmed receipt of the proposal and plans to form a special …