ICC International Cannabis Corp WLDCF

Seems to be a little confusion...

[KerBer]

Is the price offered by ACB $1.95 in Aurora shares or is the price still to be determined? From my reading of the NR, it seems that the price has been determined, agreed by the boards of both companies and just awaiting the approval of shareholders from both companies. If my reading is correct, we will be getting slightly more as the sp of ACB has risen slightly since the transaction was completed. Read the first paragraph of the NR..." EDMONTON, Alberta and VANCOUVER, British Columbia, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Aurora Cannabis Inc. (Aurora or the Company) (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) and ICC Labs Inc. (TSX-V: ICC) (ICC) announced today that the companies have entered into a definitive arrangement agreement pursuant to which Aurora intends to acquire all of the issued and outstanding common shares of ICC (the ICC Shares) for $1.95 per share (payable in common shares of Aurora (the Aurora Shares) (the Share Consideration), reflecting an aggregate purchase price of approximately $290 million (the Transaction). The Transaction has been unanimously approved by the Board of Directors of each ICC and Aurora"

[KerBer]

As frustrating as it is for long term holders, it is a done deal. I doubt we will get any offers from Weed, APH or the like. ACB, like just about every major LP is overpriced but having said that, never underestimate investor irrationality. ACB could pop over the next 6 months and the dilution involved in this deal in insignificant for ACB shareholders ( 3.6% extra shares ).

[Ghosttrader11]

The deal is obviously NOT DONE. They still need the approval of the shareholders. And i just want to point out, that there is the possibility for other companys to bid for ICC, as it says: The Arrangement Agreement provides for, among other things, the ICC Board being able to consider a superior proposal in certain circumstances and a right in favour of Aurora to match any superior proposal.

[JRSDIRECT]

The price of $1.95 appears to be set as it was determined in relation to the SMA 20 on September 7, 2018. As opposed to other agreements that state 'said premium price' based on the close date set in the future. The problem is the $1.95 is translated into 0.244 ACB shares. So during the approval and transitional time if ACB share slide to say $7.00 we are still only getting 0.244 ACB

[JRSDIRECT]

Really the question is what to do; if you can sell at $1.90 or wait and see and take you ACB 0.244 shares when the deal closes hoping that ACB is trading for higer than $7.79 ($1.90/0.244)  Note ($1.95 / 0.244) = $7.99 ACB Share Price

[corvette67]

The only thing to be determined is the number of ACB shares you will get--depends on weighted average price of ACb. You will get $1.95 in shares once that price has been determined---more if ACB tanks and less if ACB rises. Deal stinks, GLTA 

[HiGhRoLLeR420]

The deal stinks alright! The waste management facility I drop off brush to - smells sweeter than this deal does!

[JRSDIRECT]

The weighted average was already set as of September 7, 2018. "Pursuant to the terms of the Transaction, based on the volume-weighted average trading price of Aurora Shares on the TSX during the 20 trading day period ending September 7, 2018 an ICC Shareholder would receive 0.2448 Aurora Shares for each ICC Share held"