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Thursday, 12/07/2017 7:05:22 PM

Thursday, December 07, 2017 7:05:22 PM

Post# of 70331
Can a lawyer translate this portion of that story (see below in italics)? Does "defer consideration of a...." mean that CanniMed can't use their shareholder rights plan, and that Aurora can go ahead with their takeover? That's what it sounds like, but maybe I don't speak "legalese".

"CanniMed's supply agreement comes a day after it was notified that the Toronto Stock Exchange will defer consideration of a shareholder rights plan adopted by the company in a bid to defend itself against a hostile takeover offer by Aurora Cannabis Inc.

The rights plan prevents Vancouver-headquartered Aurora from acquiring any CanniMed shares other than those tendered to its hostile bid or from entering into any lock-up agreements other than those it has already signed and filed, CanniMed has said."
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