From Nasdaq: 2025-06-18 23:30:00

ExxonMobil receives an unsolicited mini-tender offer from TRC Capital Investment Corporation to purchase up to 1 million shares at $100 per share, 4.1% below the company’s closing price on June 6. ExxonMobil advises shareholders not to tender shares due to unfavorable pricing and conditions, clarifying no affiliation with TRC. TRC’s mini-tender offers aim to acquire less than 5% of outstanding shares, bypassing SEC requirements, with some offers potentially offering below-market prices. Shareholders advised to consult financial advisors, withdraw shares before July 10 offer expiration, and exercise caution. ExxonMobil urges market participants to review SEC guidance on mini-tender offers. Wednesday, XOM closed at $113.19.



Read more at Nasdaq: ExxonMobil Advises Shareholders To Reject Below-Market Mini-Tender Offer From TRC Capital