RE:RE:Differential between APH and Nuu Feb 20 (Reuters) - Aphria Inc:
* APHRIA AMENDS ARRANGEMENT AGREEMENT WITH NUUVERA
* APHRIA - CO, NUUVERA AGREED TO AMEND DEAL TO REDUCE REQUIRED LEVEL OF UNRESTRICTED CASH & CONSIDERATION PAYABLE TO NUUVERA'S SHARESHOLDERS
* APHRIA - CONSIDERATION UNDER AMENDMENT HAS BEEN REDUCED TO $0.60 IN CASH PLUS 0.3546 OF AN APHRIA SHARE FOR EACH NUUVERA SHARE Source text for Eikon: Further company coverage: LongGuy wrote:
Funny you should write this...I had the same thoughts last night and found this:
"Under the terms of the deal, Nuuvera shareholders will receive $1 in cash plus 0.3546 of an Aphria share for each share they hold. Based on Aphria's 10-day volume weighted average price of $21.15, the offer is worth $8.50 per share."
Basically when you take aph sp x 0.3546 + $1 = nuu sp ...more or less
Full link: https://www.theglobeandmail.com/report-on-business/aphria-to-buy-nuuvera-for-826-million/article37764432/
Hope that helps.
LongGuy