May 6, 2019 / 1:15 PM / 5 months ago

Acreage shareholder Marcato to vote against deal with Canopy Growth

May 6 (Reuters) - Asset manager Marcato Capital Management LP, a shareholder of Acreage Holdings Inc, said on Monday it would vote against the company’s proposed deal with Canopy Growth Corp.

According to Marcato, which holds a 2.7 percent stake in Acreage, the $3.4 billion bid by Canopy undervalues the company. (Reporting by Debroop Roy in Bengaluru; Editing by James Emmanuel)

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