Market Currents
Sherwin-Williams ([[SHW] +2.5%) says it's received an unsolicited, below-market mini-tender...
-
Tuesday, August 7, 2012, 2:42 PM ETSherwin-Williams ([[SHW] +2.5%) says it's received an unsolicited, below-market mini-tender offer from TRC Capital to purchase up to 1M shares, approximately 0.97%, of its float, at $129.50 per share. The company recommends shareholders reject the offer. This isn't the first time TRC has tried to low-ball a bid for a company, it's made simlilar offers for Ford (F), Marathon Petroleum (MRO) and a number of other companies in what the SEC calls an attempt to "catch investors off guard."
Other date
Latest Articles
This news story has 2 comments: