Sherwin-Williams ([[SHW] +2.5%) says it's received an unsolicited, below-market mini-tender...
Sherwin-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."
From other sites
at CNBC.com (Apr 10, 2015)
at CNBC.com (Mar 25, 2015)
Ford Motor : Frank Aukofer and Henry Ford Recognized at the Washington Automotive Press Association Annual Galaat 4-traders.com (Mar 25, 2015)
at 4-traders.com (Mar 25, 2015)
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