Dupont recommends rejection of trc capital's mini-tender offer

On november 21, 2019, dupont de nemours, inc. announced that it has been notified of an unsolicited ‘mini-tender’ offer by trc capital investment corporation to purchase up to 2 million shares, or approximately 0.27 percent of outstanding shares, of the company's common stock at $64.75 per share, which was approximately 4.27 percent below the closing share price of the company's common stock on november 15, 2019 ($67.64), the last trading day prior to the date of trc capital's mini-tender offer, and approximately 0.46 percent below the closing share price of the company common stock on november 20, 2019 ($65.05), the day prior to the release. the company stated that it does not endorse trc capital's offer and recommends that stockholders reject the offer and not tender their shares in response to trc capital's unsolicited mini-tender offer.
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