Aurora Cannabis urges shareholders to reject Curaleaf hostile bid
Aurora Cannabis is urging shareholders to reject Curaleaf Holdings’ unsolicited $272 million hostile takeover offer, calling it inadequate and aimed at using Aurora’s clean balance sheet to absorb Curaleaf’s heavy debt load.
Aurora Cannabis is urging shareholders to reject Curaleaf Holdings' unsolicited $272 million hostile takeover bid, saying the offer is inadequate and appears aimed at using Aurora's clean balance sheet to absorb Curaleaf's heavy debt load. The Aurora board unanimously recommended that shareholders turn down the proposal.