Newspaper article The Canadian Press

Aurora-CanniMed Takeover Battle Goes before Provincial Regulators

Newspaper article The Canadian Press

Aurora-CanniMed Takeover Battle Goes before Provincial Regulators

Article excerpt

Aurora, CanniMed turn to regulators

--

TORONTO - An acrimonious takeover battle between two Canadian marijuana companies was in the regulatory spotlight Wednesday at a joint hearing involving the Saskatchewan and Ontario securities commissions.

Lawyers for both provincial regulators argued that Aurora Cannabis' request to lessen the consideration period for its all-stock offer be rejected but that CanniMed Therapeutics shareholders' rights plan to push back against its suitor be removed.

Kate McGrann, a lawyer representing staff at both the Ontario Securities Commission and the Financial and Consumer Affairs Authority of Saskatchewan, also told commissioners at the joint hearing that Aurora (TSX:ACB) should be able to buy up to five per cent of CanniMed's outstanding shares on the open market. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.