Best Buy (BBY) is recommending investors reject a "mini-tender" offer by TRC Capital to purchase...

|About: Best Buy Co. (BBY)|By:, SA News Editor

Best Buy (BBY) is recommending investors reject a "mini-tender" offer by TRC Capital to purchase up to 4M shares, or approximately 1.7% of the company's outstanding common stock, at $22.00 per share. The offer price represents a discount of approximately 4.1% to the $22.95 closing price of on April 4, the day before the offer commenced. Shares +0.4% AH.