Solventum Cautions Investors Regarding TRC Capital's "Mini-Tender Offer"
TRCTejon Ranch (TRC) Prnewswire·2024-06-07 18:55

ST. PAUL, Minn., June 7, 2024 /PRNewswire/ -- Solventum (NYSE: SOLV) has been notified that TRC Capital Investment Corporation ("TRC") made an unsolicited "mini-tender offer" to purchase up to 2,000,000 shares of the company's common stock at 59.15pershareanddecreasedtheofferpriceonJune6,2024,to59.15 per share and decreased the offer price on June 6, 2024, to 55.00 per share. The closing stock price of Solventum's common stock on June 6, 2024 was $55.05. As of the date of this press release, Solventum expresses no opinion and is neutral toward TRC's tender ...