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Curaleaf Urges Aurora Shareholders To Back Bid, Seeks Halt To ATM Program
Source: Nasdaq
M&A & RestructuringHealthcare & BiotechRegulation & Legislation
Curaleaf Holdings urged Aurora Cannabis shareholders to support its takeover offer and asked the Alberta Securities Commission to halt Aurora's at-the-market equity issuance program while the bid is pending. The request raises the likelihood of a regulatory dispute over Aurora's ability to issue shares during the takeover process, making the development material primarily for Curaleaf and Aurora investors.
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