Aurora Cannabis (ACB) shares have risen about 25% since Curaleaf Holdings first announced plans in August to acquire the company. Curaleaf has since raised its offer from $4 to $5, a mix of cash and stock, and launched a hostile takeover after private negotiations stalled. Aurora urged shareholders to take no action while a special committee reviews the bid, and said they will not need to decide before December 4 or later. The stock has fallen 94% over the past five years, and its market cap is around $280 million. The author believes Curaleaf's interest in Aurora's international business could lead to higher bids, but warns the stock could drop quickly if Curaleaf withdraws.
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