January 23, 2019 / 4:31 PM / 10 months ago

BUZZ-Aphria: At slight discount to Green Growth's revised offer

** Aphria’s shares dip 0.6 pct to C$9.37, compared with Green Growth’s revised buyout offer price of C$9.40/shr

** U.S. cannabis retailer Green Growth Brands off 0.7 pct after late on Tuesday unveiling plan to make a second bid that values the Canadian pot producer at ~C$2.35 bln

** GGB to offer 1.5714 of its shares for each Aphria share, which equates to C$9.40/Aphria shares based on Tuesday’s close

** Aphria says its board is considering the new offer, which is “substantially identical” to prior bid made on Dec. 27

** That offer valued APHA at C$11/shr

** Since then APHA is up ~24 pct, while GGB has gained ~20 pct (Reporting by Savio D’Souza)

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