M&AConsumerSIGNED
Curaleaf Enhances Offer to Acquire Aurora Cannabis
Acquirer
Curaleaf
Target
Aurora Cannabis
Curaleaf has increased its offer to acquire Aurora Cannabis, raising the total implied consideration to US$5.00 per Aurora Share. This represents a 25% increase in total consideration and an 86% premium to Aurora's unaffected share price, with cash consideration up by 33%.
✦ Meridian Analysis
This is a significant development in the cannabis industry M&A landscape, with Curaleaf making a sweetened offer for Aurora Cannabis. The increased premium and cash component suggest Curaleaf's strong desire to complete the acquisition, potentially facing competitive interest or aiming to secure shareholder approval.
The Meridian Weekly
The week's largest deals and the Iberian ones, every Monday. Free.