Content about Mini-tender offer

November 11, 2010

Walgreen Co. said late Wednesday it is recommending that shareholders do not endorse an unsolicited offer from TRC Capital Corp. to buy up to 3 million shares of the drugstore chain.

Deerfield, Ill. -- Walgreen Co. said late Wednesday it is recommending that shareholders do not endorse an unsolicited offer from TRC Capital Corp. to buy up to 3 million shares of the drugstore chain.

The retailer said it received an offer from TRC on Nov. 3. The offer represents 0.3% of Walgreen’s outstanding stock.

Walgreen said it doesn't endorse the "mini-tender offer," because it is set at a price below the current market price for the company's shares and is subject to numerous conditions.

November 10, 2010

Walgreen Co. said late Wednesday it is recommending that shareholders do not endorse an unsolicited...

January 26, 2009

Kroger Co., the latest company targeted with an unsolicited tender offer, is recommending that its...