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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M2 EQUITYBITES-March 12, 2018-Cardinal Health Recommends Shareholders Reject TRC Mini-Tender Offer
Comment: TRC Capital's mini-tender offer seeks less than 5% of Cardinal Health's outstanding common shares, thereby avoiding many disclosure requirements and procedural protections of US securities laws
Cardinal Health does not endorse TRC Capital's unsolicited mini-tender offer and is not associated in any way with TRC Capital, its mini-tender offer or its mini-tender offer documents.
Des Moines, Iowa: Principal Financial Group(r) received notice of an unsolicited mini-tender offer by Baker Mills LLC to purchase up to 50,000 shares of Principal Financial Group, Inc.
announced that it has received notice of an unsolicited mini-tender offer by TRC Capital Corporation of Ontario, Canada to purchase up to 2.
NYSE: LUV) has received notice of an unsolicited mini-tender offer by TRC Capital Corporation (TRC Capital) to purchase up to 2,500,000 shares, or approximately 0.
TELECOMWORLDWIRE-September 27, 2010-HP recommends shareholders reject below-market price mini-tender offer from TRC Capital Corp(C)1994-2010 M2 COMMUNICATIONS http://www.
Denbury Resources, Inc (NYSE: DNR), a US-based company that explores for oil and gas, has announced receiving an unsolicited mini-tender offer by TRC Capital Corporatio (TRC) to acquire a part of company common stock.
Gannett does not endorse this offer and recommends that stockholders not tender their shares in response to the mini-tender offer," the company said in a statement.
Nokia and its board of directors do not in any way recommend or endorse TRC Capital's mini-tender offer and express no opinion as to whether Nokia ADS holders should tender their ADSs in the offer, according to the company.
Alexion is not associated in any way with TRC, its mini-tender offer or the offer documentation.
On March 6, Colgate-Palmolive received notification of an unsolicited mini-tender offer by Baker Mills to purchase up to 45,000 shares, or approximately 0.