AURORA MANAGEMENT VALUES STOCK AT 5.30The premium offered to Cannimed is 4.52 shares per Cannimed share. Cannimed traded at 15.30 but 24 is offered which translates into 5.30 per Aurora share. The closing price today was 6.41. That provides a reasonable price target for friday. Naturally this also makes Cannimed a buy at 15.30.
Usually in these kinds of take over bids the buyer stock goes down and the target goes up. Get your Cannimed if you believe this takeover will go ahead. If not, but low as Aurora drops, then sell high.