OGE Energy Recommends Shareholders Reject Mini-Tender Offer By TRC Capital
Portfolio Pulse from Benzinga Newsdesk
OGE Energy recommends shareholders reject TRC Capital's unsolicited mini-tender offer, as it is significantly below the current market value of OGE Energy common stock. The offer represents approximately 1.5% of OGE Energy's shares outstanding as of June 16, 2023.
June 20, 2023 | 9:31 pm
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OGE Energy recommends shareholders reject TRC Capital's mini-tender offer, which is significantly below the current market value of OGE Energy common stock.
OGE Energy's recommendation to reject TRC Capital's mini-tender offer is based on the offer being significantly below the current market value of OGE Energy common stock. This news is directly related to OGE Energy and its shareholders, but the short-term impact on the stock price is uncertain, as it depends on the shareholders' response to the recommendation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100