RE:APHA/TLRY MERGER CONVERSATION ON BNN No. Tilray would have to pay Aphria 65 million IF Tilray were to decide not to merge. We voted yes, did you not see the News?
Sell a share, buy a dictionary and learn what the word "reciprocal" means.
The Agreement includes certain reciprocal customary provisions, including covenants in respect of the non-solicitation of alternative transactions, a right to match superior proposals and C$65 million (US$50 million) reciprocal termination fee payable under certain circumstances. Humanist wrote: SUMMARY:
APPARENTLY TLRY IS NOT COMMENTING ON THE REASON FOR DELAY OF THEIR SHAREHOLDERS MEETING TO VOTE ON MERGER! BUT THE SPECULATION IS TO GIVE THEIR SHAREHOLDERS ENOUGH TIME TO RELECT ON THE MEETING BEFORE THEY VOTE ON APRIL 30TH.
ALSO, IF THEMERGERS DOESN'T GO THROUGH WHEN TLRY MEETING OCCURS , APHA WOULD HAVETO PAY 65 MLNS TO TLRY. ( NTO GOOD FOR US)
GENERALLY SPEAKING: ANALYSTS ARE POSITIVE ON THE MERGER FOR BOTH COMPANIES..