Ik geef de voorkeur om nu NEWSTRIKE links te laten liggen.
2017-12-19 07:17 ET - In the News
Also In the News (C-CMED) CanniMed Therapeutics Inc
Also In the News (C-HIP) Newstrike Resources Ltd
The Globe and Mail reports in its Tuesday edition that Aurora Cannabis on Monday took fresh aim at CanniMed's proposed friendly purchase of Newstrike Resources, calling it "a terrible deal," and adding that it is going to solicit votes against CanniMed's plan to issue shares to finance the Newstrike transaction. The Globe's Christina Pellegrini writes that the high-profile hostile takeover bid for CanniMed has been evolving since Aurora announced it in mid-November. The companies have published duelling news releases and regulatory filings criticizing the other side. Aurora offered to buy CanniMed on Nov. 24, but CanniMed rejected the bid and agreed to buy Newstrike, a much smaller company. Aurora is telling CanniMed shareholders that Newstrike is struggling to stay afloat and not worth its price. Newstrike "is a company that has no sales licence, no patients, no revenue, no intellectual property, no cash and no ability to raise further cash," Cam Battley, executive vice-president at Aurora, told The Globe. "It is a very, very bad deal for CanniMed shareholders." CanniMed is asking the Ontario Securities Commission to intervene in Aurora's hostile bid. The matter will be heard on Wednesday.