M&A
confidence high
sentiment positive
materiality 0.78
Curaleaf lifts Aurora Cannabis offer to US$5.00/share, an 86% premium; cap raised to US$6.00
Curaleaf Holdings, Inc.
- Enhanced Offer values Aurora at US$5.00 per share: 0.4013 Curaleaf subordinate voting shares plus US$1.00 cash, based on Curaleaf's C$14.21 close on October 2, 2026.
- 86% premium to Aurora's US$2.75 30-day VWAP as of August 10, 2026 (the unaffected price); 217% premium excluding Aurora's cash and Q1 ATM issuance proceeds.
- Maximum consideration per Aurora share raised from US$5.00 to a US$6.00 cap, a 118% premium to the unaffected price and 295% on an ex-cash basis.
- Curaleaf filed a Notice of Variation, Change and Extension with Canadian regulators and a new Form F-80 registration statement with the SEC to reflect the bigger bid.
- Curaleaf disputes Aurora's technical comments, including the need for pro forma financials, saying it addressed them voluntarily; Carson Proxy Advisors is information agent.