The Shareholders own ACB.
So in order for Coca-Cola to obtain 100% of Aurora - I would think there would need to be some kind of Tender Offer for the shares.
The Tender Offer would be at a premium to where ACB is currently trading to give incentive to the Shareholders to vote for it.
BUT, even at a 20% premium to today's stock price - we are only looking at $5.70 or so.
Even at $5.70 a Share - Coca-Cola could buy ALL of Aurora for about $5.7 Billion while Constellation paid $4 Billion for just a piece of Canopy.
Don't let the Long-Longs fool you. If ACB's Share Price keeps FALLING LIKE IT HAS SINCE MARCH - then a buy-out could realistically happen.
But one thing is for sure. If a buy-out happens at these prices - none of the Long-Longs are going to get rich, buy their own island, and retire in luxury because of it.
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