Aurora Cannabis Board Recommends Rejecting Curaleaf Bid
Aurora Cannabis has unanimously rejected a $272 million hostile takeover bid from Curaleaf, deeming it inadequate and not in the best interest of shareholders. CEO Miguel Martin stated that while he is open to offers, the current bid undervalues the company’s assets. The board's decision emphasizes the need for a more favorable proposal that aligns with shareholder value.
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Aurora Cannabis Board Recommends Rejecting Curaleaf Bid
Aurora Cannabis CEO Miguel Martin called a takeover bid from cannabis company Curaleaf 'inadequate' and said that it was not in shareholder's best interest after the company's board unanimously rejected the offer. Martin said that he is not against offers on principle and would recommend going with another bid if it had the right value and structure for shareholders. (Source: Bloomberg)
Aurora Cannabis Rejects Curaleaf Offer as Inadequate
Aurora Cannabis urged its shareholders to reject an unsolicited $272 million hostile takeover bid from Curaleaf Holdings, saying the offer is inadequate and undervalues parts of its business.