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Curaleaf Just Announced a Hostile Takeover Bid for Aurora Cannabis. Here’s What This Means for Investors.
The Motley Fool·
Curaleaf launched a hostile takeover bid for Aurora Cannabis at $4 per share (45% premium), comprising 0.34 Curaleaf shares plus $0.75 cash, with a $5 per share cap. Aurora's board will consider the offer but criticized the financing details and price cap. The combination appeals due to Aurora's strong medical marijuana business with higher margins, though hostile bids have historically struggled.
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