Aurora Cannabis Urged Shareholders To Reject A Merger Bid From Curaleaf, Warning That The Hostile Bid Would Put Aurora Shareholders' Value And Future Upside At Risk
Curaleaf's hostile and opportunistic bid significantly undervalues Aurora, and aims to capture Aurora's assets at a discountAurora is debt free and holds $149 million in cash1, Curaleaf carries over $1 billion
Aurora's leaders said no to Curaleaf's offer to buy them, because they think the price is too low and unfair to their shareholders. When a company rejects a takeover bid, it usually means the leaders believe the company is worth more than what's being offered.
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