GB Group Ord Shs GBGPF

shares/cash numbers, tendering date extended

[ChazBrown]

Some interesting numbers.  Looks like cash choice is going to be 100% met...

"Vancouver-based Aurora also said it would issue about 50.6 million of its own shares and pay about C$98 million in cash for the CanniMed shares tendered as of March 8.

Aurora has extended the time period for tendering remaining CanniMed shares to March 24."

full article here:
Pot Producer Aurora Wins...

GL&GT
CB

[longonMJ]

Well, this was to be totally expected and didn't really tell us anything since it only required 13.2% of the shares to select the all-cash option and the entire $140M cap would have been hit. A more useful bit of information would be to let us know the percentage of shares that selected the all-share Option 1 versus the percentage that selected the all-cash Option 2.  That wouuld have

[StrongLong]

Ahh now I see. That's why it's 98 million they are still reserving the other 42 million for the 30% of shares that have yet to tender. This suggests the ratio will be 2.9 + $5.70 Woosh I wonder how much ACB shares are going to be dumped in early April lol.

[longonMJ]

Almost right, but not quite.  I believe this 2.9493X Aurora shares + $5.70 per CMED would apply ONLY IF ALL 100% of this 17.85M tendered shares had all selected the all-cash Option 2 without any exceptions at all.  Since this was clearly not the case, then it means the dollar cash amount for those selecting the all cash option will certainly be higher than $5.70 per CMED share owned

[StrongLong]

The fact that 70% of the shares have been tendered and 70% of the $140 million is spoken for is no small coincidence. You're right I was incorrect in assuming it will be $5.70 + 2.9X I wasn't thinking it through. It will almost certainly be less than all cash $43 because the full 70% of the cash is reserved for 70% of shares tendered. Suggests there's a surplus of people electing for