RE:RE:RE:Offer on the table other than Tilrayquinlash wrote: quinlash wrote: TheNewOldtimer wrote: Anyone hear of anything about a Quebec company wanting to take over Hexo?
We have Tilray in a take-over position at 40 cents, they would need to see the SP actually hit 90 in order to use the debentures as part of the play. The last cash per share offer was again Tilray from last year at $3.
Can't say I have heard of another player but would not be surprised if there is considering current trading levels
The $3 per share take over bid was reported by SeekingAphia. Just Google "
HEXO Tilray Takeover $3" and you will find the article
Tilray has nearly 1/4 of a Billion dollars on the line with HEXO Corp through the debenture purchase, the strike price on the debentures is 90 cents therefore they cannot use the debentures as part of a takeover until the SP hits 90.
The debentures themselves are valued at 40 cents, 62% higher than current levels.
Tilray CEO already noted that he does not want to see HEXO go bankrupt as it is unfavorable for the sector.
IMHO the odds are high that HEXO will become part of Tilray however it will not come about (if it does) through the company going bankrupt and Tilray scooping it up for cheap.