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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

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