AcquisitionsAug 13, 2026, 11:51 AM
Aurora Cannabis Responds to Curaleaf's Unsolicited Take-Over Bid
AI Summary
Aurora Cannabis Inc. has responded to an unsolicited take-over bid proposal from Curaleaf Holdings, Inc. Curaleaf's proposal offers an implied consideration of US$4.00 per Aurora Share, comprising 0.3463 Curaleaf subordinate voting shares and US$0.75 in cash, with a cap of US$5.00 per share. Aurora's Board of Directors will establish a special committee of independent directors to evaluate the proposal, emphasizing that the bid was not initiated or solicited by the company.
Key Highlights
- Aurora Cannabis received an unsolicited take-over bid proposal from Curaleaf Holdings, Inc.
- The proposal offers an implied consideration of US$4.00 per Aurora Share.
- Consideration consists of 0.3463 Curaleaf subordinate voting shares plus US$0.75 in cash per Aurora Share.
- The proposal includes a cap on the value of the consideration at US$5.00 per Aurora Share.
- Aurora's Board of Directors will form a special committee of independent directors to consider the proposal.
- Aurora previously received proposals from Curaleaf on June 23, 2026, and July 7, 2026.
Price Impact
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