Wednesday, February 28, 2024 |

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

April 7, 2022

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.

Article Source: Baltimore Sun

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.