Sherwin-Williams Recommends Rejection of Mini-Tender Offer by TRC Capital Corporation

Loading...
Loading...
The Sherwin-Williams Company
SHW
has received notification of an unsolicited mini-tender offer by TRC Capital Corporation (TRC) to purchase up to 1,000,000 shares, or approximately 0.97 percent, of Sherwin-Williams' outstanding common stock at a price of $129.50 per share. The offer price was 4.39% below the closing price on July 30, 2012, the day before the offer commenced. Sherwin-Williams does not endorse TRC's offer and recommends that shareholders do not tender their shares. TRC's offer is a mini-tender offer at a price below the current market price for Sherwin-Williams shares and is subject to numerous conditions. Sherwin-Williams strongly recommends that shareholders obtain current market quotes for their shares, review the conditions to the offer, consult with their financial advisor and exercise caution with respect to TRC's offer. Sherwin-Williams is not associated in any way with TRC, this unsolicited offer or the documents related to this offer.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsOfferingsPress Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...