Aphria Inc. APHA

Vote This Fiasco ........ DOWN!

[Vinny57]

Agreement Details

Under the terms of the Agreement, the Arrangement will be carried out by way of a court approved plan of arrangement under the Business Corporations Act (Ontario) and will require the approval of at least two-thirds of the votes cast by the Aphria Shareholders at a special meeting. Approval of a majority of the votes cast by Tilray stockholders will be required to, among other things contemplated by the Agreement, authorize the issuance of Tilray shares to Aphria shareholders pursuant to the Arrangement. Following completion of the Arrangement, Aphria will become a wholly-owned subsidiary of Tilray, with Aphria shareholders owning approximately 62 percent of Tilray.

Completion of the Arrangement is subject to regulatory and court approvals and other customary closing conditions. Regulatory approvals expected to be required include Competition Bureau (Canada), U.S. HSR and Germany FDI. 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. The Arrangement is expected to close in the second quarter of calendar year 2021 following the receipt of such regulatory approvals, as well as court approval of the Arrangement.

[BudFoxx2020]

Following completion of the Arrangement, Aphria will become a wholly-owned subsidiary of Tilray, with Aphria shareholders owning approximately 62 percent of Tilray. Lol, can this deal stinks even worse.  So, APHA is paying premium for Tilray, bail them out and supposedly taking over Tilray.  So how does Aphria become a wholly-owned subsidiary of Tilray.  Lol.  And some one

[BudFoxx2020]

“Privateer is giving Tilray a lot of operational flexibility and obviously believes in long-term value of this business and is not pushing to sell its shares as soon as possible, so it’s kind of mutually beneficial, this transaction, for both parties,” Tilray Chief Financial Officer Mark Castaneda said in an interview So Tilray was pretty much given free reign to turn the company around and pump

[kingbear]

Like I said this deal really stinks... bad. I believe Simon breached fidicuary duty here. This deal helps Tilray big time, but does nothing for Aphria. The more I think about it the more I can't believe how bad we get shafted here. Sounds like Privateer is going to unload their holdings, and bc of this merger they get to do it at a higher price. Aphria shraeholders lose. Vote NO.

[Planetoflimes]

Yes it does Kingbear. Once again I point out Simon has done a terrible job, but some of these longs still drink the Simon's golden spray. Little do they realize he makes a large salary regardless and really does not care if there is any value for shareholders. Sure the company will be big, but just as Kingbear points out little gain, if any, for Aphria, yet, Tilray gains a positive ebita

[Monopolyman]

How do we vote on this please. I would have loved the deal if the price we paid wasn't so ridiculous!