Masco Corporation Recommends Shareholders Reject the Below-Market Mini-Tender Offer by TRC Capital Investment Corporation
Masco Corporation (MAS)
Last masco corporation earnings: 4/29 07:00 am
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US:NYSE Investor Relations:
investor.masco.com/investor-relations/default.aspx
Company Research
Source: Business Wire
LIVONIA, Mich.--(BUSINESS WIRE)--Masco Corporation (NYSE: MAS) today announced that it has received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation of Ontario, Canada to purchase up to 2 million outstanding shares of Masco common stock at a price of $64.00 per share in cash. TRC Capital Investment’s offer price of $64.00 per share is approximately 4.68 percent lower than the $67.14 closing share price of Masco’s common stock on June 10, 2024, the last trading day prior to the date of the offer. The offer is for approximately 0.92 percent of the shares of Masco common stock outstanding as of the June 11, 2024 offer date.Masco does not endorse TRC Capital Investment’s unsolicited mini-tender offer and recommends that stockholders do not tender their shares in response to TRC Capital Investment’s offer because the offer is at a price below the current market price for Masco’s shares and subject to numerous conditions. Masco is not affiliated or associ
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MAS
Earnings
- 4/24/24 - Beat
MAS
Sec Filings
- 6/20/24 - Form 3
- 6/10/24 - Form 8-K
- 6/7/24 - Form 11-K
- MAS's page on the SEC website