CSX recommends shareholders reject mini-tender offer by TRC Capital Investment
CSX (NASDAQ:CSX) received notice of an unsolicited "mini-tender" offer by TRC Capital Investment to purchase up to 4M CSX shares at $34.75/share in cash.
The offer price is 4.43% below the closing price of CSX stock on Mar. 18, the last trading day before the mini-tender commenced.
CSX is not affiliated with TRC and does not endorse TRC's unsolicited offer.
CSX recommends that CSX shareholders do not tender their shares in response to the offer as the offer is at a price below the current CSX stock price.