RE:Example of a takeover, not VXLRed~One wrote: Folks here were talking a few days ago about VXL getting taken over as a good prospect well here's an example of a takeover,Hexo taking over Zenabis...." Under the terms of the Arrangement Agreement, Zenabis shareholders will receive 0.01772 of a HEXO common share in exchange for each Zenabis common share held (the “Exchange Ratio”). The Exchange Ratio implies a premium per Zenabis common share of approximately 19% based on the 20-day volume-weighted average price"
Takeovers suck
Zenabis is a debt laden, poorly managed company on life support. They were lucky to be taken over.