Aphria shareholders will get 0.8381 shares of Tilray for each common share of Aphria they hold.(1)
The spread doesn't make sense w regards to the prices.!!
Price-wise it's behaving the opposite of what it should do...
It should be at around .8, that's near the exchange ratio of .83, and yet…
They're making it so the deal doesn't go through?!?
_____________________
(1) (As a result of the exchange ratio, Aphria shareholders will own around 62 per cent of the combined company, resulting in a reverse acquisition of Tilray. Aphria will pay a 23 per cent premium to Tilray's Dec. 15 closing price of $7.87).
No comments:
Post a Comment
Commented on
The Pangea Advisors Blog
Pangea on Twitter