Aurora Urges Shareholders to Take No Action to Revised Hostile Bid by Curaleaf

MT newswire2026/10/06 20:52

04:52 PM EDT, 10/06/2026 (MT Newswires) -- Aurora Cannabis (ACB.TO, ACB) after the market close on Wednesday advised shareholders to take no action a day after Curaleaf Holdings (CURA.TO) raised its hostile offer for the company by $1.00 to $5.00 per share Under the revised offer, Aurora shareholders would receive 0.4013 of a Curaleaf subordinate voting share plus $1.00 in cash for each Aurora share. Aurora said its recommendation for shareholders to take no action remains unchanged from Sept. 2. Shareholders will have until at least Dec. 4 to consider their options. Our Board and Special Committee are commencing their review, and until Aurora's formal recommendation is available, we urge investors to take no action," said chief executive Miguel Martin. Aurora's shares closed up CA$0.14 to CA$6.51 on Toronto Stock Exchange on Tuesday.

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