Aphria (APHA) approached by Green Growth Brands

  • December 31, 2018

POTENTIAL DEAL DETAILS

StockAphria Inc.SymbolAPHA
Date Announced12/28/2018Source https://www.sec.gov/Archives/edgar/data/1733418/000127956918002533/ex991.htm
TypeUnsolicited BidAcquiring Company/Person Tilray, Inc.
Date of Confirmation: 12/16/2020Price at Confirmation: $8.05
Potential Profit: 28.59%Annualized Profit: 14.52%

Aphria (APHA) announced that it received an unsolicited proposal by Green Growth Brands to acquire all of the Company’s outstanding common shares in an all-stock transaction.

Update(s):

December 31, 2018: Green Growth Brands Inc. reaffirms its commitment to launch an offer to purchase all of the issued and outstanding common shares of Aphria Inc. (APHA) which it does not already own and welcomes early expressions of interest from Aphria shareholders who are frustrated with Aphria’s performance and absence of compelling future plans for the company.

February 06, 2019: Aphria Inc. (APHA) today announced that its Board of Directors has rejected the hostile bid by Green Growth Brands Inc. to acquire all of the outstanding common shares of the Company including any Common Shares that may become issued and outstanding after January 22, 2019.

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