AcquisitionsAug 11, 2026, 03:51 PM
Aurora Cannabis to Review Curaleaf's Unsolicited $4.00 Takeover Bid
AI Summary
Aurora Cannabis Inc. has responded to an unsolicited take-over bid intention from Curaleaf Holdings, Inc. Curaleaf proposes to acquire all Aurora Shares for an implied consideration of US$4.00 per share, comprising 0.3463 Curaleaf shares and US$0.75 in cash, with a cap of US$5.00 per share. Aurora's Board of Directors will form a special committee of independent directors to review the proposal, emphasizing that no decision has been made and shareholders do not need to take action at this time.
Key Highlights
- Curaleaf Holdings intends to launch an unsolicited take-over bid for Aurora Shares.
- The stated implied consideration is US$4.00 per Aurora Share.
- The offer consists of 0.3463 Curaleaf subordinate voting shares plus US$0.75 cash per Aurora Share.
- The proposal includes a cap of US$5.00 per Aurora Share, lower than recent trading prices.
- Aurora's Board will form a special committee of independent directors to consider the proposal.
- Aurora confirms prior proposals from Curaleaf on June 23, 2026, and July 7, 2026.
Price Impact
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