OSC Held Talks With Green Growth About Takeover Bid for Aphria

Market Chatter: OSC Held Talks With Green Growth About Takeover Bid for Aphria

2019-01-25 03:16:06 PM ET (MT Newswires)



03:16 PM EST, 01/25/2019 (MT Newswires) -- The Ontario Securities Commission entered discussions with executives of Green Growth Brands Inc. (CSE:GGB) ahead of the company's formal takeover bid for Aphria Inc. (APHA.TO, APHA) which centered on potential conflicts of interest, sources familiar with the situation told BNN Bloomberg on Friday.


The OSC initiated the discussions with Green Growth shortly after it announced its intention to acquire Aphria for $11 a share, or $2.8 billion, last month, the sources reportedly said.


Aside from identifying any potential conflicts of interest between the two companies, the OSC's discussions with Green Growth executives included questions on its financial backing and future prospects for operating both companies, one of the sources reportedly said.


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