Curaleaf Announces Intention to Launch Take-Over Bid for Aurora Cannabis to Solidify its Position as the Global Cannabis Industry Leader
Curaleaf Holdings announced its intention to launch a take-over bid for Aurora Cannabis, offering US$4.00 per share, representing a 45% premium to Aurora's 30-day VWAP. The proposed consideration consists of 0.3463 Curaleaf shares plus US$0.75 in cash for each Aurora share, with a cap of US$5.00 per share to account for potential increases in Curaleaf's stock price. Curaleaf stated the combined entity would generate over US$1.5 billion in LTM revenue and US$350 million in Adjusted EBITDA, targeting at least US$40 million in annual cost synergies and creating a leading global cannabis platform.
Key figures
- Deal Value Usd
- 0
- Offering Price
- 4
- Cap price
- $5.00
- Share ratio
- 0.3463
- Target vwap 30d
- $2.75
- Annual synergies
- $40 million
- Cash consideration
- $0.75
- Premium percentage
- 45%
- Combined ltm ebitda
- $350 million
- Combined ltm revenue
- $1.5 billion
- Pro forma market cap
- $3.0 billion
- Premium excluding cash
- 110%
- Aurora eu gmp capacity tons
- 50
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