Verizon recommends stockholders reject mini-tender offer from trc capital investment corporation

New york, aug. 10, 2023 (globe newswire) -- verizon communications inc. (“verizon”) received notice of a “mini-tender” offer by trc capital investment corporation (“trc capital”) and recommends that its stockholders reject the unsolicited offer. pursuant to the offer, which is dated august 2, 2023, trc capital is offering to purchase up to 3 million shares of verizon common stock at $31.95 per share (the “offer price”). the offer price is approximately 4.43% lower than the closing price of verizon common stock on the new york stock exchange on august 1, 2023, the last trading day prior to the date of the offer. verizon is not associated with trc capital or its “mini-tender” offer.
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