Kroger Urges Rejection of Tender Offer

Kroger Co. here is urging its investors to reject a “mini-tender” offer from a Canadian investment company.

CINCINNATI — Kroger Co. here is urging its investors to reject a “mini-tender” offer from a Canadian investment company.

In a statement, Kroger said it had been notified of an unsolicited offer by TRC Capital to purchase up to 3 million shares directly from shareholders at a price of $24 per share — or 3.5% below the price Kroger was trading when the offer was made.

Such “mini-tender” offers differ from traditional tender offers in that they involve less than 5% of a co

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