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BRIEF-Aphria Responds To Unsolicited Proposal By Green Growth Brands

Published 2018-12-28, 06:34 a/m
BRIEF-Aphria Responds To Unsolicited Proposal By Green Growth Brands
APHA
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Dec 28 (Reuters) - Aphria Inc APHA.TO :

* APHRIA RESPONDS TO UNSOLICITED PROPOSAL BY GREEN GROWTH BRANDS

* APHRIA INC - GREEN GROWTH BRANDS "PROPOSAL FALLS SHORT OF REWARDING OUR SHAREHOLDERS"

* APHRIA INC - BOARD HAS DETERMINED THAT GGB PROPOSAL, AS IT CURRENTLY STANDS, "SIGNIFICANTLY UNDERVALUES THE COMPANY"

* APHRIA - BOARD BELIEVES THAT GGB ATTEMPTING TO ACQUIRE CO THROUGH "HIGHLY CONDITIONAL" OFFER AT "SIGNIFICANT" DISCOUNT TO ITS CURRENT & FUTURE VALUE

* APHRIA INC - GGB'S MANAGEMENT PRESENTED OFFER TO APHRIA MORNING OF DECEMBER 27, 2018

* APHRIA INC - BOARD OF DIRECTORS HAS ESTABLISHED INDEPENDENT COMMITTEE OF DIRECTORS TO CONSIDER PROPOSAL AND ANY FORMAL OFFER RECEIVED

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