Curaleaf Just Announced a Hostile Takeover Bid for Aurora Cannabis. Here’s What This Means for Investors.
It's appealing directly to the Canadian company's shareholders with a cash-and-stock offer.
Overview
Marijuana’s effect on most humans is to make them more mellow and content. So it felt a little out of character when U.S. cannabis company Curaleaf (OTC:CURLF) launched a hostile takeover bid for its Canadian peer, Aurora Cannabis (NASDAQ:ACB) on Tuesday.
Curaleaf’s attempt is ambitious. Let’s take a look at what it’s offering, and how its play might affect investors in both companies.
Image source: Getty Images.
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Originally published at www.fool.com.
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