Aurora Cannabis (ACB) Stock Surges 18% After Curaleaf Announces Takeover Bid
TLDR
- Curaleaf Holdings announced plans to acquire Aurora Cannabis at US$4.00 per share
- The offer is a 45% premium over Aurora’s 30-day volume weighted average price of US$2.75
- The deal is structured as 0.3463 Curaleaf shares plus US$0.75 cash per Aurora share
- Aurora’s stock jumped 18% after the announcement; ACB was trading around $4.76
- Curaleaf had privately approached Aurora on June 23 and July 7, 2026, but Aurora declined to engage
Curaleaf Holdings has gone public with a takeover bid for Aurora Cannabis, offering US$4.00 per share after Aurora’s board refused to engage in private discussions.
The offer landed on Tuesday and sent ACB stock up more than 18% in trading, hitting $4.76. Pre-market trading had already shown a 15% jump before markets opened.
The deal structure is 0.3463 Curaleaf subordinate voting shares plus US$0.75 in cash for each Aurora share. That combination values Aurora at $4.00 per share based on recent pricing.
We intend to acquire Aurora Cannabis. It’s a win-win for all. For $ACB shareholders, the transaction provides a 45% premium over the 30-day VWAP and upside in the strongest global cannabis company. For $CURLF shareholders, the transaction bolsters the supply chain, is immediately…
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