Cp shareholders should reject trc capital investment corp. mini-tender offer

Calgary, ab , may 10, 2022 /prnewswire/ - canadian pacific (tsx: cp) (nyse: cp) said today it has received notice of an unsolicited mini-tender offer from trc capital investment corporation ("trc") to purchase up to 1.5 million common shares of canadian pacific, representing approximately 0.16 percent of the outstanding shares of common stock, at a price of c$88.50 per share. cp does not endorse this unsolicited offer, and advises cp shareholders that the offer has been made at a price 4.37 and 4.49 percent respectively, below market price, as of cp's closing price on the toronto stock exchange and the new york stock exchange on may 2, 2022, the date of the offer.
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