Organigram to Acquire Aurora Cannabis for $5.58 a Share

MT Newswires Live11-03 22:54

Organigram Global (OGI) will acquire all of the issued and outstanding shares of Aurora Cannabis (ACB) for 7.80 Canadian dollars ($5.58) per share, the companies said Tuesday.

The acquisition values Aurora at approximately CA$561 million on a fully diluted equity value basis, according to a statement.

Under the terms of the deal, the companies said Aurora shareholders have the option to receive either CA$7.80 per share in cash, 5.8626 Organigram shares, or a combination of CA$3.75 in cash plus 3.0431 Organigram shares.

The companies said they expect to complete the transaction in January 2027.

Trading of shares of both companies was halted at 8:25 am ET and resumed at 9:45 am ET.

Organigram shares were falling more than 6% shortly after trading resumed, while Aurora shares climbed past 17%.

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