Williams Recommends Rejection of TRC Capital’s “Mini-Tender” Offer
Williams Companies, Inc. (The) (WMB)
Last williams companies, inc. (the) earnings: 2/19 04:15 pm
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Source: Business Wire
TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) announced today that it was notified yesterday of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation to purchase up to 5,000,000 shares, or approximately 0.41% of outstanding shares, of Williams’ common stock at a price of $18.25 per share, which was 6.7% below the $19.60 per share closing price of Williams’ common stock March 2, 2020 (the day prior to this release). This offer represents a 4.2% discount to the closing price of Williams’ common stock on the last trading day before the date of the tender offer and is approximately 17% below the three-month weighted average of the closing price of Williams’ common stock as of March 2, 2020 ($22). TRC Capital’s offer of $18.25 per share is equal to the 52 week low of Williams’ common stock price (as of March 2, 2020).Williams does not endorse TRC Capital’s offer and recommends that Williams’ stockholders reject the offer and not tender their shares. This mini-t
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WMB
Earnings
- 11/6/24 - Beat
WMB
Sec Filings
- 11/20/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 144
- WMB's page on the SEC website