GB Group Ord Shs GBGPF

Aurora Cannabis Launches Takeover Bid

[BobTBuilder]

https://web.tmxmoney.com/article.php?newsid=4655390725588978&qm_symbol=ACB

As I said before. I believe it is in the best interest of CMED shareholders to accept the offer quickly. I wouldn't expect the VWAP of Aurora to decrease substantially.

Offer is open for 105 days. Best of luck and hopefully things go smoothly. I'm looking forward to having CMED on board.

[Balthus]

The offer has gotten worse than last week. Can you spot the difference?  Aurora Cannabis Launches Takeover Bid For CanniMed   (RTTNews.com) - Aurora Cannabis Inc. (ACB.TO) said that it has formally commenced its offer to purchase all of the issued and outstanding common shares of CanniMed Therapeutics Inc. (CMED.TO) for consideration consisting of common shares of Aurora. The

[BobTBuilder]

I didn't notice a difference. They did add more detail on the ACB VWAP that would cause a decrease from 4.52...shares ($5.30). However we already knew that from the first release as I had calculated it. Please advise what difference you noticed.

[Balthus]

Please note the date of final acceptance; 3 1/2 months away. Of further importance to note is that the offer is contingent on shareholders not approving the proposed acquisition of Newstrike Resources Inc. by Cannimed. The Offer will be remain open for acceptance until 11:59 p.m. (Pacific time) on March 9, 2018.

[BobTBuilder]

It's a regulatory requirement for hostile takeover bids in Canada :). Have a nice weekend.

[Gladiator3]

In regards to HIP.   Has the deal been killed ? Or they taking them too ?

[BobTBuilder]

One of the conditions of the offer is that the HIP deal is dead: (ii) the proposed acquisition of Newstrike Resources Inc. announced by CanniMed in its new release of November 17, 2017 shall not have proceeded, and shall have been terminated

[Gladiator3]

Thanks 

[Gladiator3]

If I understand this correctly HIP deal is still in play.   Right or wrong?   The Offer will be remain open for acceptance until 11:59 p.m. (Pacific time) on March 9, 2018. Subject to applicable securities laws, the deposit period may be extended, or in certain circumstances reduced, by Aurora. In light of CanniMed's proposed alternative transaction with Newstrike

[BobTBuilder]

The minimum deposit period is 105 days, hence the March 9, 2018 date. It means that CMED shareholders have that long to respond to Aurora's takeover bid.  Aurora is requesting this 105 day period be reduced so that CMED shareholders can consider both the HIP deal and the ACB deal at the same time. Based on what I posted earlier, it very much appears to me that Aurora is not in favour of

[Gladiator3]

Thanks BOB !!   Greatly appreciate your time !  : )))