May 14, 2018 / 10:11 AM / 12 days ago

Aurora Cannabis to buy rival MedReleaf in C$3.2 bln deal

May 14 (Reuters) - Medical marijuana maker Aurora Cannabis Inc said on Monday it would buy rival MedReleaf Corp in a deal valued at C$3.2 billion ($2.51 billion).

The C$29.44 per share deal represents an 18.2 percent premium to MedReleaf’s Friday closing price. ($1 = 1.2767 Canadian dollars) (Reporting by John Benny in Bengaluru; Editing by Arun Koyyur)

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