Advance Auto Parts Inc. said late Monday that Canada’s TRC Capital Investment Corp. has made an unsolicited “mini-tender,” or less than 5% of the company’s...
Advance Auto Parts Inc. AAP said late Monday that Canada’s TRC Capital Investment Corp. has made an unsolicited “mini-tender,” or less than 5% of the company’s shares, offer to purchase up to 1 million shares of the auto parts retailer at $65.75 a share, or 4.4% below the closing price of the company’s stock as of last Monday. That was the last trading day before the date of the offer, Advance Auto Parts said. TRC’s offer price is 6.9% below Monday’s closing.
has made an unsolicited “mini-tender,” or less than 5% of the company’s shares, offer to purchase up to 1 million shares of the auto parts retailer at $65.75 a share, or 4.4% below the closing price of the company’s stock as of last Monday. That was the last trading day before the date of the offer, Advance Auto Parts said. TRC’s offer price is 6.9% below Monday’s closing. The company said it is not associated with TRC “and expresses no opinion” on the offer.
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