Green Growth Brands CEO Peter Horvath defended the company’s C$2.8B unsolicited takeover bid for Aphria after short-seller Hindenburg Research called the offer “non-credible” and raised questions about the relationship with the two companies, Bloomberg reports, citing Horvath. The CEO said, “We don’t want to put ourselves in a position that jeopardizes our existing business, which has a lot of upside. If there’s anything that would appear inappropriate, we wouldn’t allow this to take place. We’re not into get-rich-quick schemes. We’re looking at real assets, real value, a seasoned management, and a true operating capabilities. At the end of the day, this is going to be up to shareholders to decide. There’s no opportunity to pull a fast one here.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.