GB Group Ord Shs GBGPF

RE:Question

[VENMan]

Because People think in this pot market they can go off and make more money than the spread currently offers. I say Good luck to them!

  ACB said:
On Nov 14 2017
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.
 
Today ACB said:
The Offer will provide holders of CanniMed Shares with 4.52586207 Aurora Shares for each CanniMed Share, subject to a maximum of $24.00 per CanniMed Share (the "Cap Price"). If the market value for 4.52586207 Aurora Shares is more than the Cap Price (based on the 20-day VWAP of Aurora Shares on the earlier of the expiry date for the Offer and the date on which the conditions to the Offer have been satisfied), then Aurora will adjust the number of Aurora Shares offered as consideration in the Offer, such that the consideration payable for each CanniMed Share is equal to the Cap Price.

So, this is already a better deal because ACB is going to take a 20 day Market Average price rather than one days closing price.  ALL IMO!!