OTCPK:GBGPF - Post by User
Comment by
StockTrakkieon Nov 17, 2017 12:00pm
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Post# 26984510
RE:RE:RE:RE:Posted this on the HIP board.....
RE:RE:RE:RE:Posted this on the HIP board.....So a new offer valued at $24 would be based on the 20 day weighted average of Aurora at close on November 17. But i still say it will be $4 cash + 4 ACB shares.
dSUPERMONKEYb wrote: https://markets.businessinsider.com/news/stocks/Aurora-Cannabis-Submits-Proposal-to-CanniMed-Therapeutics-Board-510322
"Pursuant to the Proposal, CanniMed shareholders will be entitled to receive a maximum of $24 per CanniMed share or 4.52586207 Aurora shares, based on the 20-day volume weighted average price of Aurora. Based on the closing price of Aurora shares on November 14, 2017, this translates to 3.74415 Aurora shares for each CanniMed share. Based on the closing prices of Aurora and CanniMed on November 14, 2017, this represents a premium of approximately 56.9% premium over the closing price of CanniMed shares on November 14, 2017 and a 74.7% premium over the 20-day volume weighted average price for the period ended November 14, 2017. Upon completion of the transactions contemplated by the Proposal, based on the closing prices of November 14, 2017, CanniMed's shareholders will hold approximately 16% of the issued and outstanding shares of Aurora."