OTCPK:NWKRF - Post by User
Post by
Rook14on Jan 22, 2018 10:43pm
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Post# 27413043
RE:RE:RE ACB Offer
RE:RE:RE ACB OfferStill asking the same question. Why are people buying Newstrike in anticipation of an Aurora/Cmed/Hip deal? Yes, the company being acquired almost always appreciates a share premium, but HIP has already made their deal with Cmed. And according to most people on this board got low balled.
So, put yourself in Aurora's shoes, who initially stated that they didn't even want HIP. Would you be working out a deal where you would give HIP more for their shares that what Cmed had offered. If Aurora wants to include HIP, they just have to tell Cmed to vote their deal through with HIP and then maybe increase their offer for Cmed with HIP included.
And if this three way deal doesn't get done, then it still goes back to Cmed to vote for the 'low ball' deal that they originally made with HIP. I can't see how HIP is going to come out of this with a better deal than that.