GE Vernova Tells Shareholders To Reject "Mini-Tender" Offer By TRC Capital Investment To Purchase 1M Shares Of Stock AT A Price Of 155/Share In Cash
Portfolio Pulse from Benzinga Newsdesk
GE Vernova Inc. (NYSE:GEV) advises shareholders to reject TRC Capital's mini-tender offer to buy 1M shares at $155 each, 7.39% below the market price. The offer's conditions could result in shareholders receiving a below-market price.
May 10, 2024 | 8:22 pm
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GE Vernova Inc. is advising its shareholders to reject a mini-tender offer from TRC Capital, citing the offer price is significantly below the current market value of its shares.
The news directly involves GE Vernova Inc. (GEV) and its shareholders. The recommendation to reject the mini-tender offer is based on the offer being below the current market price, which could influence the stock's perception but might not have a direct short-term price impact due to the nature of the advice against the offer.
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