IQVIA does not endorse TRC Capital's unsolicited mini-tender offer
and recommends that shareholders do not tender their shares into the tender offer, because the offer is at a price below the current market price for IQVIA's shares and subject to numerous conditions.
ENPNewswire-July 29, 2019--Zimmer Biomet Recommends Shareholders Reject Mini-Tender Offer
by TRC Capital Corporation
M2 EQUITYBITES-July 10, 2019-WestRock Recommends Stockholders Reject the Below-market Mini-Tender Offer
by TRC Capital Corp.
TRC Capital's offer price was USD34.80 per share in cash, 4.58% less than the USD36.47 closing price of the company's common stock on 28 June 2019, the last trading day before the mini-tender offer
began, and 6.55% less than the USD37.23 closing price of its common stock on 2 July 2019.
The SEC has cautioned investors about mini-tender offers
, noting that "some bidders make mini-tender offers
at below-market prices, hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price." Lockheed Martin urges stockholders to obtain current market quotations for their shares, review the conditions of the mini-tender offer
, consult with their brokers or financial advisors, and exercise caution with respect to the mini-tender offer
(Nasdaq: BIIB) today announced that it has received notice of an unsolicited mini-tender offer
by TRC Capital Corporation (TRC Capital) to purchase up to 500,000 shares of Biogen's common stock at a price of $216.25 per share in cash.
The Boeing Company [NYSE: BA] has announced it has received an unsolicited mini-tender offer
to purchase up to 10,000 shares of Boeing's common stock by Peer & Peri LLC, the company said.
DES MOINES, Iowa: Principal Financial Group(r) got notice of an unsolicited mini-tender offer
by Baker Mills LLC ("Baker Mills") to purchase up to 90,000 shares of Principal Financial Group, Inc.
TransCanada Does Not Endorse Mini-Tender Offer
by TRC Capital
Diversified software company Adobe Systems Incorporated (Nasdaq:ADBE) disclosed on Wednesday that it does not endorse TRC Capital Corporation's mini-tender offer
at below the current market price for its shares and subject to numerous conditions, recommending stockholders not to tender their shares.
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.
Finnish telecomms solutions provider Nokia said on Monday (7 August) that it had been notified of an unsolicited, below-market "mini-tender offer
" by the Canadian company TRC Capital Corporation to purchase up to 5,000,000 American depositary shares (ADSs) of Nokia Corporation at a price of USD19.00 per ADS.