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Curaleaf Holdings plans takeover bid for Aurora Cannabis
['Sammy Hudes', 'Tue', 'August', 'At P.M. Gmt', 'Min Read']
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If successful, the move would create a combined cannabis company with a footprint in 17 countries across Europe, North America and other international markets, it said.
Curaleaf said it sent a follow-up letter on July 7, but Aurora has been "unwilling to engage in constructive discussions" to date.
"Curaleaf remains ready to engage constructively with Aurora's board to advance this value-maximizing transaction, and we are prepared to move quickly toward a definitive agreement."
A representative for Aurora Cannabis did not immediately respond to a request for comment.
Curaleaf said its offer would provide Aurora shareholders with US$4.00 per share, plus US$0.75 cash for each Aurora share.