real-time news and commentary for investors
Tuesday, Oct 15
Disney mini-tender offer not too appetizing
- Disney (DIS -0.7%) suggests shareholders reject an offer from TRC Capital to buys up to 2M shares at $61 a pop.
- The "mini-tender offer" is set below the 5% threshold of Disney shares where TRC Capital would fall closer under the eye of the SEC.
- With Disney currently trading over $66, interest in the mini-tender should be subdued.