Newswatch

KROGER URGES REJECTION OF OFFER CINCINNATI Kroger Co. last week urged its investors to reject a 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 of Kroger stock directly from shareholders at a price of $24 per share or 3.5% below the price Kroger was trading at when the offer was made.

KROGER URGES REJECTION OF OFFER

CINCINNATI — Kroger Co. last week urged 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 of Kroger stock directly from shareholders at a price of $24 per share — or 3.5% below the price Kroger was trading at when the offer was made. Such “mini-tender” offers differ from traditional tender offers

Register to view the full article

Already a member? .

TAGS: Kroger Walmart