Mergers & Acquisitions ·
Curaleaf raises its offer to acquire Aurora Cannabis to US$5.00 per share in cash and stock
CURLDCuraleaf Holdings, Inc.
Curaleaf Holdings filed a Notice of Variation to increase its tender offer for all outstanding shares of Aurora Cannabis Inc. The Enhanced Offer provides total implied consideration of US$5.00 per Aurora Share, comprised of 0.4013 Curaleaf Shares plus US$1.00 cash. This represents an 86% premium over Aurora’s unaffected share price and raises the maximum cap consideration to US$6.00 per share. The filing addresses technical comments from Aurora and extends the offer period. Curaleaf is a leading international provider of consumer and medical cannabis products.