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UPS Recommends Rejection of 'Mini-Tender' Offer from TRC Capital Corporation

2015-03-12 22:00:44| Trucking - Topix.net

UPS has received notice of an unsolicited "mini-tender" offer by TRC Capital Corporation to purchase up to 1,500,000 shares of UPS's Class B common stock, or approximately 0.2% of the outstanding Class B shares as of February 18, 2015. TRC Capital's unsolicited "mini-tender" offer price of $95.25 per share is approximately 4.4% below the $99.67 per share closing price of UPS's Class B common stock on March 12, 2015.

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