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TD Cowen Analyst Recommends Aurora Cannabis Shareholders Accept Organigram's Takeover Offer

Fiscal.ai

TD Cowen analyst Derek Lessard has advised Aurora Cannabis shareholders to accept Organigram Global's $561-million acquisition offer, citing greater certainty and potential upside compared to a competing hostile bid from Curaleaf.

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  1. The Motley FoolDavid Jagielski, Cpa

    The Big Winner From the Aurora Cannabis-Organigram Deal: Curaleaf

    Organigram agreed to acquire Aurora Cannabis at a 21% premium over Curaleaf's hostile takeover offer. However, the article argues that Curaleaf emerges as the real winner because the combined Organigram-Aurora entity will be more entrenched in the declining Canadian recreational cannabis market. Curaleaf, with stronger financials and U.S. operations, may eventually acquire the combined company at a lower valuation if the deal underperforms.