Marijuana Company Green Growth Has Made Its Hostile Bid for Aphria Official -- Barrons.com
Marijuana Company Green Growth Has Made Its Hostile Bid for Aphria Official -- Barrons.com
DJ Marijuana Company Green Growth Has Made Its Hostile Bid for Aphria Official -- Barrons.com
DJ大麻公司Green Growth已對Aphria提出敵意收購--Barrons.com
By Max A. Cherney, MarketWatch
作者：馬克斯·A·切爾尼(Max A.Cherney)，MarketWatch
U.S.-based cannabis producer Green Growth Brands made a formal offer to Aphria shareholders to acquire the company Tuesday, nearly four weeks after the Ohio company originally announced plans for the bid.
總部位於美國的大麻生產商Green Growth Brands星期二向Aphria股東正式提出收購Aphria公司的要約。近四周前，Aphria公司最初宣佈了收購計劃。
Green Growth (ticker: GGBXF) offered Aphria (APHA) shareholders 1.5714 shares of Green Growth stock for each outstanding Aphria share. The all-stock deal would value Aphria at roughly C$2.8 billion, according to Green Growth's math, which values its own shares higher than the market does.
綠色增長公司(股票代碼：GGBXF)向Aphria股東提供每股已發行的Aphria股票換1.5714股Green Growth股票。根據Green Growth的計算，這筆全股票交易對Aphria的估值約為28億加元，該公司對自己股票的估值高於市場。
Green Growth previously said it would raise C$300 million through a stock sale at the C$7-a-share valuation that it claims in the bid. Green Growth said Tuesday it has received a commitment from an investor for C$150 million of that investment.
Green Growth此前表示，將通過以每股7加元的估值出售股票籌集3億加元，該公司在競購中聲稱。Green Growth週二表示，它已收到一家投資者的承諾，將在這筆投資中投資1.5億加元。
The bid for the company opens Wednesday, and will remain open until May 9, Green Growth said. Green Growth said it owns 3 million shares of Aphria already, about 1.2% of Aphria's outstanding shares.
Green Growth説，對該公司的競購於週三開始，將持續到5月9日。Green Growth説，它已經持有Aphria 300萬股，約佔Aphria流通股的1.2%。
When Green Growth first announced its intentions to purchase the Leamington, Ontario-based company on Dec. 27, Aphria said that the bid "significantly undervalues" the business, and noted that the company had not received a formal offer. Aphria did not respond to requests for comment on the bid Tuesday afternoon, but in a blog post late Tuesday the company advised shareholders to take no action with respect to the takeover bid.
當Green Growth在12月27日首次宣佈有意收購這家總部位於安大略省利明頓的公司時，Aphria表示，這一出價“大大低估了”該公司的價值，並指出該公司尚未收到正式報價。週二下午，Aphria沒有迴應對收購要約的置評請求，但在週二晚些時候的一篇博客文章中，該公司建議股東不要對收購要約採取行動。
Green Growth -- which is backed by the Schottensteins, an Ohio family that has built their fortune in the retail business -- declined to comment further or make executives available for an interview.
綠色增長(Green Growth)拒絕進一步置評，也拒絕讓高管接受採訪。綠色增長得到了俄亥俄州肖滕斯坦家族(Schottensteins)的支持，肖滕斯坦家族是在零售業發家致富的。
Related: Marijuana Company Pushes CES 2019 Over Pot Ban
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Regulators in Canada halted both stocks at roughly 4 p.m. Eastern time, but Aphria's U.S.-listed shares continued to trade. Aphria's U.S.-listed shares rose after the halt, but calmed back down in after-hours trading after the news became known. Green Growth stock rose 6.9% in the regular session.
加拿大監管機構在下午4點左右暫停了這兩隻股票的交易。美國東部時間，但Aphria在美國上市的股票繼續交易。Aphria在美國上市的股票在停牌後上漲，但在消息傳出後，在盤後交易中回落。綠色增長類股在例會中上漲6.9%。
If Green Growth's bid to buy Aphria were successful, it would mean significant changes for existing Aphria shareholders. The Toronto Stock Exchange and the New York Stock Exchange -- the two exchanges that list Aphria shares -- do not allow companies that violate federal regulations to list stock. Because Green Growth operates illegally under U.S. federal law, it's likely that the stock would trade only on the Canadian Securities Exchange -- as Green Growth does now -- and over the counter in the U.S.
如果Green Growth收購Aphria的競標成功，將意味着Aphria現有股東的重大改變。多倫多證券交易所(Toronto Stock Exchange)和紐約證券交易所(New York Stock Exchange)--兩家上市Aphria股票的交易所--不允許違反聯邦規定的公司上市。由於Green Growth根據美國聯邦法律非法操作，該股很可能只會在加拿大證券交易所(Canada Securities Exchange)交易--就像Green Growth現在所做的那樣--並在美國進行場外交易。
Aphria stock plummeted last year after short sellers Quintessential Capital Management and Hindenburg Reseach released a report that described Aphria as a "shell game" and accused top executives of enriching themselves at the expense of shareholders. CEO Vic Neufeld and co-founder Cole Cacciavillani announced earlier this month they will leave the company, while continuing to deny the accusations.
Aphria股價去年大跌，此前賣空者Quintessence Capital Management和Hindenburg Reseach發佈報告，將Aphria描述為一場“騙局”，並指責高層管理人員以犧牲股東利益為代價牟取私利.首席執行官維克·紐菲爾德(Vic Neufeld)和聯合創始人科爾·卡恰維拉尼(Cole Cacciavillani)本月早些時候宣佈，他們將離開公司，同時繼續否認這些指控。
Weed stocks were mixed Tuesday. Canopy Growth (CGC) rose 1.4%, Aurora Cannabis (ACB) fell 1.4% and Tilray (TLRY) dropped 5.7%. The ETFMG Alternative Harvest ETF (MJ) fell 0.3% during the regular session Tuesday.
週二雜草庫存漲跌互現。Canopy Growth(CGC)上漲1.4%，Aurora Cannabis(ACB)下跌1.4%，Tilray(TLRY)下跌5.7%。ETFMG另類豐收ETF(MJ)週二在例會期間下跌0.3%。
This article originally appeared on MarketWatch.
這篇文章最初出現在MarketWatch上。
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January 23, 2019 11:09 ET (16:09 GMT)
2019年1月23日東部時間11：09(格林尼治標準時間16：09)
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