(CercleFinance.com) – Procter & Gamble announced on Friday evening an unsolicited ‘mini-tender offer’ from TRC Capital Investment Corporation to buy up to one million of its common shares at a price of 118 per share. .63 cash.
Emphasizing that this proposed price is approximately 4.5% lower than the closing price on October 7, the last trading day preceding the date of the offer, the group does not approve this offer and recommends that its shareholders not contribute their actions.
“In addition, mini-takeover bids, such as that of TRC Capital Investment Corporation, avoid many of the investor protections granted to larger takeover bids,” said the parent company of the Ariel, Duracell and Pampers brands.
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