Merck Recommends Rejection of TRC Capital's "Mini-Tender" Offer [Yahoo! Finance]
Merck & Company, Inc. (new) (MRK)
Last merck & company, inc. (new) earnings: 4/28 06:45 am
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Source: Yahoo! Finance
approximately 4.32% below the closing price of the Merck common stock on November 11, 2024 ($100.73). (Source: Merck news release) Merck is advising its shareholders to reject the offer because it is at a price below the closing price for Merck's shares and is subject to numerous conditions, including TRC Capital's ability to obtain financing. Additionally, Merck is not associated with TRC Capital and does not endorse the offer. (Source: Merck news release) According to the SEC, mini-tender offers 'frequently use mini-tender offers to catch shareholders off guard' and investors 'may end up selling at below-market prices.' (Source: SEC website, as mentioned in Merck news release) Yes, Merck shareholders who have already tendered their shares may withdraw them by following the procedures for withdrawal described in the TRC Capital offer documents prior to the expiration of the offer, which is currently scheduled for 11:59 a.m. EST on December 11, 2024. (Source: Merck news release)
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MRK
Earnings
- 10/31/24 - Beat
MRK
Sec Filings
- 11/22/24 - Form 8-K
- 11/6/24 - Form 10-Q
- 11/4/24 - Form 25-NSE
- MRK's page on the SEC website