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
Comments (2)
  • robgra
    , contributor
    Comments (1218) | Send Message
    Why is this kind of fraud even legal? Why is TRC allowed to stay in business?
    7 Aug 2012, 04:40 PM Reply Like
  • positivethoughts
    , contributor
    Comments (2065) | Send Message
    They are trying to send stock down and then they are playing the short side.
    7 Aug 2012, 07:01 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs