Medtronic recommends rejection of below-market mini-tender offer by trc capital investment corporation

Dublin , jan. 25, 2023 /prnewswire/ -- medtronic plc (nyse:mdt) recently became aware that trc capital investment corporation (trc) has made an unsolicited mini-tender offer to purchase up to 1,500,000 medtronic ordinary shares, representing approximately 0.1% of the company's outstanding ordinary shares. trc's offer price of $77.25 per share in cash is approximately 4.5% lower than the $80.91 closing price of medtronic ordinary shares on january 20, 2023, the last closing price prior to commencement of the offer.
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