RE:Tilray Takeover of HEXO Corp $.40 -> $3 ?And now the facts,
it was rumoured, but never confirmed that Tilray had possibly made a preliminary, informal offer of between $2 and $3.00 in November of 2021.
Hexo's share price at the time was around $1.40.
The deal was deemed too low - and nothing became of the 'offer'.
In hindsight - Hexo investors (if they'd been informed and given the opportunity) would very likely have acepted the offer, given today's closing price of .23 cents (less than .06 cents a share pre-split)
This year, Tilray - based on the reality of the situation, first made an offer of .90 cents - then the .85 cent re-financing deal was announced.
Based on Hexo's continued poor performance, loss of Zenabis to bankruptcy - and being basically able to dictate the terms of the finalzied deal - Hexo accepted a redcued, lousy .40 cents per share.
The offer went from $3.00 to .90 cents to .85 cents to .40 cents.
Hexo also agreed to servitude, surrending a $10 million signing fee and an $18 million annual fee for Tilray 'consulting services', along witha lot of other Tilray beneficial arrangements.
Tilray effectively runs Hexo now - with 48% ownership.mThere is no particular rush for them to pay ANYTHING for the balance, but if they do - they will dictate the terms and again, given Hexo's continued dismal performance and outlook - there is no way in the world that Hexo will get .40 cents a share, let alone queertard's completely idtioic suggestion that it might be $3.00.
Say it out loud - does $3.00 for a .23 cents stock near bankruptcy make ANE sense at all?
Why wouldnt Hexo just buy shares at .23 cents on the open market now if they wanted them?
And to suggest that it will be a hostile takeover - just shows once again queerlash's complete ignorance of the investment world - including what exactly a hostile takeover is.
quinlash - (11/16/2022 2:08:46 PM)
Tilray Takeover of HEXO Corp $.40 -> $3 ?
Tilray is reported as having made a bid for HEXO Corp at a price of $3 per share in Nov of 2021 and since picked up much of the company's debt load for $.40 per share. If Tilray were to make a hostile take over play for the company it is reasonable to expect they will have no problem picking up the shares they need for $.40 or better on the open market.
quinlash - (11/16/2022 2:08:46 PM)
Tilray Takeover of HEXO Corp $.40 -> $3 ?
Tilray is reported as having made a bid for HEXO Corp at a price of $3 per share in Nov of 2021 and since picked up much of the company's debt load for $.40 per share. If Tilray were to make a hostile take over play for the company it is reasonable to expect they will have no problem picking up the shares they need for $.40 or better on the open market.