TRC Capital makes a mini-tender offering at below market price for Dominion
Written By: Stratton Report
January 14, 2016
On January 14, Dominion Resources, Inc. announced it had received notice of “mini-tender” offer by TRC Capital to purchase up to 2 million shares of Dominion’s common stock at a price of $66.50 per share in cash. The offering price is approximately 4.19 percent below the closing price per share of Dominion’s common stock on Jan. 11, 2016, the last trading day before the offer was commenced. The offer is for approximately 0.34 percent of the outstanding shares of Dominion’s common stock.
Dominion does not endorse TRC Capital’s unsolicited mini-tender offer and recommends that shareholders do not tender their shares. Dominion is not associated with TRC Capital, its mini-tender offer or the mini-tender offer documentation.