Is Aurora Cannabis Stock a Buy as Curaleaf Pushes a Hostile Takeover Bid?
Aurora's turnaround could make Curaleaf's offer look too low.
Overview
Curaleaf Holdings (OTC: CURLF) wants to buy Aurora Cannabis (NASDAQ: ACB) for $4 a share. Aurora wants nothing to do with it.
Curaleaf has now taken its offer directly to Aurora shareholders after the company's board rejected the deal, turning what started as an acquisition proposal into a hostile takeover attempt. And there's real money on the table.
Details
Curaleaf is offering 0.3463 of a share plus $0.75 in cash for every Aurora share, which it says represents a 45% premium to Aurora's 30-day volume-weighted average price before the buyout proposal became public.
Source
Originally published at www.fool.com.
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