Aurora Cannabis jumps after Curaleaf proposes takeover bid

Aurora Cannabis

11/08/2026 14:24

** U.S.-listed shares of pot firm Aurora Cannabis ACB.O ACB.TO rise 17% to $3.34 premarket
** Co says Curaleaf plans to launch a takeover bid offering $4 per share in cash and stock, a 45% premium to Aurora's average share price over the last 30 days
** Offer includes 0.3463 Curaleaf shares and $0.75 in cash for each Aurora share
** Curaleaf says the combination would create a cannabis company with operations in 17 countries and more than $1.5 bln in LTM revenue
** The company expects at least $40 mln in annual cost savings from the deal
** Curaleaf CEO Boris Jordan says the company went public with the proposal after Aurora's board declined to engage
** As of last close, stock down ~45% YTD
 

 (Reporting by Sahil Pandey in Bengaluru)
 ((Sahil.Pandey@thomsonreuters.com))