TRC Capital Investment Corp. said Wednesday that it has cut the price of its tender offer to buy up to 1.5 million shares of Walt Disney Co. DIS by nearly 5%, citing “current financial market conditions.” The private investment corporation said the offer price payable for the tender offer, which will expire at 12:01 a.m. Eastern time on Jan. 12, was lowered to $85.00 from $89.15. As of Tuesday’s close, TRC said no share had been tendered. The 1.5 million shares TRC is offering to buy for $127.
said Wednesday that it has cut the price of its tender offer to buy up to 1.5 million shares of Walt Disney Co. DIS by nearly 5%, citing “current financial market conditions.” The private investment corporation said the offer price payable for the tender offer, which will expire at 12:01 a.m. Eastern time on Jan. 12, was lowered to $85.00 from $89.15. As of Tuesday’s close, TRC said no share had been tendered. The 1.5 million shares TRC is offering to buy for $127.
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