Curaleaf Holdings Improves Takeover Bid for Aurora Cannabis
MT newswire2026/10/05 13:0209:02 AM EDT, 10/05/2026 (MT Newswires) -- Curaleaf Holdings (CURA.TO) intends to increase its offer to acquire Aurora Cannabis (ACB.TO) by 25% to $5.00 per share, Curaleaf said Monday. The improved offer includes a 33% increase in the cash consideration to $1.00 of per Aurora share, an increased share consideration of 0.4013 Curaleaf shares per Aurora share, and a 20% increase in the cap price to $6.00 per share. "We are enhancing our proposal despite Aurora's refusal to engage and provide access to customary due diligence," Curaleaf Chairman and Chief Executive Officer Boris Jordan said. "We view this as a significant good-faith step that demonstrates our conviction in the merits of a combination and the value creation opportunity it represents," Jordan added. A combination of Curaleaf and Aurora would create a global cannabis leader with a pro forma market capitalization of over $3 billion, according to Curaleaf.
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