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AT&T Recommends Shareholders Reject Mini-Tender Offer From TRC Capital

On May 19, 2025, AT&T issued a press release from Dallas advising shareholders about an unsolicited mini-tender offer from TRC Capital Investment Corporation.
The offer, dated May 5, 2025, proposes to purchase up to 4 million AT&T shares at $26.38 each and seeks less than 5 percent of outstanding shares.
AT&T is not connected with TRC and advises that the offer price is below the current market value, noting that TRC may choose to prolong the offer period and postpone payment beyond June 3, 2025.
AT&T cautions that mini-tender offers can catch investors off guard, urging shareholders to obtain current market quotes, consult financial advisors, and noting withdrawal rights under TRC's terms.
AT&T recommends rejecting TRC's unsolicited offer and requests that this news release accompany any distribution of materials related to the offer to ensure informed decisions.

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AT&T Recommends Shareholders Reject Mini-Tender Offer from TRC Capital

DALLAS, May 19, 2025 /PRNewswire/ -- AT&T Inc. ("AT&T") has learned that TRC Capital Investment Corporation ("TRC") has made an unsolicited "mini-tender" offer, dated May 5, 2025. TRC has offered to purchase up to 4 million shares of AT&T common…

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AT&T Urges Shareholders to Reject $26.38 Mini-Tender Offer as SEC Raises Red Flags

AT&T alerts shareholders about TRC Capital's unsolicited below-market mini-tender offer for 4M shares. Learn why the company and SEC warn against this risky move. Get Details.

5 days ago

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