2 hours ago
Curaleaf Holdings (USOTC:CURLF) has sent a letter to Aurora Cannabis (NASDAQ:ACB) shareholders urging them to tender their shares to its outstanding acquisition offer after Aurora's board declined to engage with the proposal.
Under the offer, Aurora shareholders would receive 0.3463 Curaleaf shares and $0.75 in cash for each Aurora share.
Curaleaf said the terms implied a value of $4.00 per Aurora share based on the unaffected date, representing a 45% premium to Aurora's 30-day volume-weighted average price as of August 10, 2026. Aurora shares traded at $2.76 before the offer was announced.
Curaleaf Chairman and Chief Executive Boris Jordan said in the letter, "Aurora has refused. And so, we are putting the decision where it belongs: in your hands."
Curaleaf said the proposed combination would create a company operating across 17 countries.
#curlf
Under the offer, Aurora shareholders would receive 0.3463 Curaleaf shares and $0.75 in cash for each Aurora share.
Curaleaf said the terms implied a value of $4.00 per Aurora share based on the unaffected date, representing a 45% premium to Aurora's 30-day volume-weighted average price as of August 10, 2026. Aurora shares traded at $2.76 before the offer was announced.
Curaleaf Chairman and Chief Executive Boris Jordan said in the letter, "Aurora has refused. And so, we are putting the decision where it belongs: in your hands."
Curaleaf said the proposed combination would create a company operating across 17 countries.
#curlf
