Dollar General Recommends Shareholders To Reject TRC Capital's Unsolicited "Mini-tender" Offer To Purchase Up To 1.50M Shares, Representing Less Than 1% Of Outstanding Common Stock At $82.20 Per Share
Portfolio Pulse from Benzinga Newsdesk
Dollar General advises its shareholders to reject TRC Capital's unsolicited mini-tender offer to purchase up to 1.5 million shares at $82.20 per share, which represents less than 1% of its outstanding common stock.
September 25, 2024 | 8:42 pm
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Dollar General has advised its shareholders to reject TRC Capital's mini-tender offer, which seeks to purchase a small portion of its shares at a price below the current market value.
The mini-tender offer by TRC Capital is for less than 1% of Dollar General's outstanding shares and is priced below the current market value, which is why Dollar General is recommending rejection. This action is unlikely to have a significant impact on the stock price as it involves a small percentage of shares and the company is actively advising against it.
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