Aurora Cannabis Urges Shareholders to Reject Curaleaf Hostile Bid
Aurora Cannabis is urging shareholders to reject Curaleaf’s unsolicited $272 million hostile takeover offer, calling it inadequate and an attempt to use Aurora’s clean balance sheet to absorb Curaleaf’s debt. The board’s unanimous recommendation to take no action follows Curaleaf’s bid last month, citing limited change-of-control premium and a capped voting setup.