Goodyear Tire & Rubber, Akron, OH, became aware of an unsolicited mini-tender offer by TRC Capital to purchase up to five million shares of its common stock, or approximately 3% of Goodyear's total shares outstanding, for $19.50 per share. (Corporate, Financial News).Goodyear Tire & Rubber, Akron, OH, became aware of an unsolicited un·so·lic·it·ed adj. Not looked for or requested; unsought: an unsolicited manuscript; unsolicited opinions. unsolicited Adjective mini-tender offer mini-tender offer An offer to purchase less than 5% of a company's stock. Investors are at greater danger in a mini-tender offer because it is not subject to many of the SEC disclosure and procedural protections that apply to traditional tender offers. by TRC TRC Noun (in South Africa) Truth and Reconciliation Commission: a commission which encourages people who committed human rights abuses or acts of terror during the apartheid era to reveal the truth about their crimes in return for immunity from prosecution Capital to purchase up to five million shares of its common stock, or approximately 3% of Goodyear's total shares outstanding, for $19.50 per share. Goodyear said it expressed no opinion on the unsolicited offer, but advised its shareholders to exercise extreme caution in considering the offer. |
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