Green Growth launched a tender offer for Aphria valuing it at $2.1bn.
Green Growth Brands made an offer to purchase all of the issued and outstanding common shares of Aphria. The Offer values Aphria at approximately C$2.8bn ($2.1bn).
“We believe our offer will create value for both Aphria and Green Growth shareholders. We are confident that the significant premium we are offering and the opportunity to participate in the growth of a stronger, combined company are so compelling that we are taking our offer directly to Aphria’s shareholders. Together, we can unleash synergies between our teams, assets and geographies, forming a combined enterprise that will accelerate our collective growth strategies in Canada, the US and overseas." Peter Horvath, Green Growth CEO.
Aphria stated that proposed offer significantly undervalued the company.
Green Growth was advised by Canaccord Genuity, Norton Rose Fulbright, and Kingsdale Advisors.
Dell returns on NYSE with $34bn listing. (FS)
Michael Dell made his return to the stock market after a long battle with investors. The listing on the New York Stock Exchange ended five years of private ownership by Michael Dell and his private equity partner Silverlake Capital.
Wall Street has put a value of $34bn on newly traded shares in the company.
Yankees, Amazon, and Sinclair are in talks to acquire Disney's sport's network - Yes.
The New York Yankees are in talks with Amazon and Sinclair Broadcast Group about a joint bid for the team’s regional sports network, Yes.
The baseball team, which owns 20% of Yes, has also been talking to other potential partners, including cable and satellite TV provider Altice USA and RedBird Capital, about buying the remaining 80% stake from Walt Disney.
Disney is seeking a valuation of $5bn to $6bn for Yes.
