Waste Management Says Holders Should Reject Mini-Tender Offer by TRC Capital
Waste Management, Inc. (NYSE: WM) has been notified of an unsolicited "mini-tender offer” by TRC Capital Corporation to purchase up to 3 million shares, or approximately 0.65 percent, of outstanding Waste Management common stock at $33.00 per share. TRC Capital's offer price is 4.62 percent below Waste Management's closing share price on Aug. 20, 2012, the day prior to the offer. The offer by TRC Capital is also subject to numerous conditions. Waste Management is not associated with TRC Capital, this mini-tender offer or the offer documentation. Waste Management does not endorse the offer and recommends against stockholders tendering their shares in response to this offer.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.