J&J recommends shareholders to reject 'mini-tender' offer by TRC Capital Investment

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J&J recommends shareholders to reject 'mini-tender' offer by TRC Capital Investment

© Reuters. FILE PHOTO: The Johnson & Johnson logo is displayed on a screen on the floor of the New York Stock Exchange in New York, U.S., May 29, 2019. REUTERS/Brendan McDermid/File Photo) said on Thursday it has recommended its shareholders to reject an unsolicited"mini-tender" offer by TRC Capital Investment Corporation for about 0.04% of its common stock.

The drugmaker said Ontario-based TRC Capital has offered to purchase up to 1 million shares of J&J's stock at a price of $151.23 per share in cash. Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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