other material
confidence high
sentiment negative
materiality 0.40
Colgate-Palmolive recommends rejecting TRC Capital mini-tender offer at $80.63/share
COLGATE PALMOLIVE CO
- TRC Capital offers to buy up to 1.5M Colgate shares (0.18% of outstanding) at $80.63/share.
- Offer price is 4.46% below the $84.39 closing price on July 16, 2021; Colgate recommends rejection.
- Offer expires 12:01am NY time on August 17, 2021; subject to conditions including financing.
- Colgate is not associated with TRC; SEC warns investors about mini-tender offers at below-market prices.