Globe And Mail On APHA

Aphria Inc (C:APHA)
Shares Issued 249,762,289
Last Close 12/28/2018 $8.52
Monday December 31 2018 - In the News

Also Xanthic Biopharma Inc (2) (C:GGB) In the News

The Globe and Mail reports in its Saturday edition that a web of connections between Aphria and its suitor has come into focus in the wake of an unusual takeover offer for the Canadian cannabis company. 

A quadruple-bylined item led by Tim Kiladze says that Aphria directors, including chief executive officer Vic Neufeld, have been part of business dealings in the United States with the Schottensteins -- the U.S. family behind the recent takeover proposal from Xanthic Biopharma. Xanthic operates in the cannabis market as Green Growth Brands. 

Aphria director Shawn Dym has also previously served on Green Growth's board, and Mr. Neufeld has been on the advisory board of one of Green Growth's largest investors. 

The proposal comes with unusual terms relative to merger and acquisition norms. Aphria's board rejected the deal on Friday. 

Under the share-for-share deal, Green Growth has proposed to acquire Aphria for $11 per share or $2.8-billion. These figures are "based on a valuation of $7 a share" of Green Growth. 

As of Thursday's market close, the suitor's shares were worth $4.98 each. At $7 a share, the financing would be completed at roughly double the company's volume-weighted average trading price in December.

© 2018 Canjex Publishing Ltd.

From The Bullboards

RE:I'm surprised no one is talking about Vics removal

Jodiangel17 wrote:"Aphria also may have given a clue about what was found in an internal investigation by removing Chief Executive Vic Neufeld a major target of the short sellers theory from the chairman role in a little-noticed announcement that hit directly after Green Growth publicly announced its bid, timing that could lead one to believe that the two actions were coordinated to lessen the impact of the second. Neufeld sits on the advisory board of Green Acre Capital, which took more than C$30 million from Aphria in the fiscal first quarter and is an investor in Green Growth, through one of its funds."

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We havent seen the last of GGB

The most recent takeover bid for our company was what government’s do all the time. It’s a form of fishing to get a feel for public opinion and in this case market sentiment. Ofcourse the first offer was shut down immediately because it made zero sense for MOST of the shareholders. Make no mistake. There are shareholders over many media sources that were favourable with this offer. I found this frightening to the future of my holdings and as investors, you should be concerned as well. A lot of information was gathered, extrapolated and analyzed with this recent takeover bid. As far fetched as it seemed, it was all orchestrated for a reason. We haven’t seen the last of the billionaire boys from Ohio. The next bid will be the real deal.

Regards
Joe Boston 

http://www.stockhouse.com/companies/bullboard?symbol=t.apha&postid=29169780

RE:A bit worried about hostile takeovers, see ownership below

6,500 shares (not alot i know), but not selling at $11.........no lower than $20. Why would i, lowest cost producer and this is just the beginning of showing increasing profits over the next year.