Wednesday, January 27, 2016 11:52:38 PM
Wal-Mart receives "mini-tender" offer from TRC Capital Corp.
1 day 8 hours 36 minutes ago - DJNF
Wal-Mart Stores Inc. (WMT) is urging shareholders to reject an unsolicited "mini-tender" offer from TRC Capital Corp. dated Jan. 20, 2016 for 2 million shares of the company's common stock. The offer is for $59.88 per share, about 4.3% less than the closing price on Jan. 19. "Walmart is in no way associated with TRC and recommends that shareholders reject this unsolicited offer," the company said in a release. Wal-Mart shares are trading up 0.8% on Tuesday, at about $64. Shares are up 10.2% for the past three months compared with the an 8.4% decline for the S&P 500 for the same period.
-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
January 26, 2016 15:12 ET (20:12 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
I found out this "TRC Capital" does this to many stocks (legally) to scare stock holders to sell there shares...
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