TOKENPOST
1 min read
Add as a preferred source on Google

Aurora Cannabis Urges Shareholders to Reject Curaleaf’s Revised Bid

The updated offer includes $1.00 in cash and 0.4013 Curaleaf shares per Aurora share, implying a value of $5 per share.

By John Kim
Published
Voting cards sit beside a leaf-shaped paperweight in morning light / TokenPost.ai
Voting cards sit beside a leaf-shaped paperweight in morning light / TokenPost.ai

Aurora Cannabis is urging shareholders to reject Curaleaf Holdings’ revised hostile bid, which values each Aurora share at an implied $5 under the updated terms.

Curaleaf changed its offer on Oct. 5 to include $1.00 in cash and 0.4013 of a Curaleaf share for each Aurora share. Aurora is recommending that shareholders turn down the proposal.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…