Constellation shareholders urged to reject TRC Capital’s mini-tender offer

Constellation Energy, the Baltimore-based energy producer, has become one of the latest companies targeted by Canadian firm TRC Capital Investment Corp. with a share purchase offer at a below-market price. The energy company urged investors Wednesday to reject the investment firm’s so-called “mini-tender” offer. Such offers typically seek to acquire less than 5% of a company’s outstanding shares and avoid some federal securities regulations.