mini-tender offer


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Mini-Tender Offer

A tender offer for less than 5% of shares outstanding. A tender offer is an offer to buy a significant amount of stock in a publicly-traded company directly from shareholders, an act that bypasses the board of directors. A tender offer may be part of a hostile takeover and therefore any offer exceeding 5% of the company's shares must be registered with the SEC and submitted to oversight. A mini-tender offer avoids this requirement, which can be detrimental to shareholders, as the SEC does not have the ability to protect their rights.

mini-tender offer

An offer to purchase less than 5% of a company's stock. Investors are at greater danger in a mini-tender offer because it is not subject to many of the SEC disclosure and procedural protections that apply to traditional tender offers. For example, tendering shares in a mini-tender offer generally means an investor cannot change his or her mind even though the tender has not closed.
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MONTREAL, July 16, 2015 /PRNewswire/ - CN (TSX: CNR) (NYSE: CNI) has been notified of an unsolicited mini-tender offer made by TRC Capital Corporation ("TRC Capital") to purchase up to 2,000,000 CN common shares, or approximately 0.
Capital mini-tender offer is also not related to Thomson Reuters own
Weatherford does not endorse this unsolicited mini-tender offer and recommends that shareholders reject the offer.
Alexion is not associated in any way with TRC, its mini-tender offer or the offer documentation.
NYSE: LVS) received notice of an unsolicited mini-tender offer by TRC Capital Corporation ("TRC Capital") to purchase up to 2,500,000 shares of LVS's common stock at a price of $47.
Target Corporation received notice of an unsolicited mini-tender offer by TRC Capital Corporation ( TRC Capital ) to purchase up to 2,000,000 shares of Target s common stock at a price of $59.
58 closing price of First Solar's common stock on January 22, 2013, the day before the mini-tender offer commenced.
AEP does not endorse TRC Capital's mini-tender offer and recommends that shareholders reject this unsolicited offer for the reasons described below.
FirstEnergy does not endorse this unsolicited mini-tender offer and recommends that shareholders reject the offer.
TRC would not be required to purchase shares tendered in the mini-tender offer,
NYSE: RPAI) has been notified of an unsolicited mini-tender offer by CMG Partners, LLC ("CMG") dated December 17, 2012, to purchase up to 300,000 shares of Class A, Class B-2 and Class B-3 common stock of RPAI for $11.
Unsolicited mini-tender offer is below current market price for UTC shares