RE:RE:Received ACB shares + cash last night for CMED sharesI was actually a bit surprised that more shareholders did not go for the all-share option. From what some members were saying here, they thought it was going to be more like a 50:50 split, when it fact it looked like almost 90% of the tendered shares went for the all-cash option.
From my point of view though, it was really a no-brainer because the shares prices never really got close enough to the $12.65 / $43.00 implied takeover prices. Hence, if you really wanted more Aurora shares, then just take the cash given to you and use it to buy the ACB shares at the lower market price.
Don't think you should really be complaining too much about the $4 loss because you have to remember that the entire marijuna market crashed right after this takeover was announced. So a roughly 10% loss is still a lot better than the 25% to 45% loss that most of the other weed stocks are still trying to recover from, relative to their recent highs.
ARP511 wrote: yes, i got the same in my TD account. When I called them the rep confirmed me that the company received most offers for CASH options so they have proprated it because they had limited cash of $140M. Very poor treatment as we lost $4 from the promised amount.