Ingersoll Rand Inc. announced on March 31, 2025, its recommendation that stockholders reject an unsolicited mini-tender offer from TRC Capital Investment Corporation. TRC Capital sought to purchase up to 1,500,000 shares of Ingersoll Rand's common stock.
The offer price of $77.50 per share was approximately 4.27% below the closing price of Ingersoll Rand's common stock on March 21, 2025, which was $80.96. The company stated it is not associated with TRC Capital or its offer and does not endorse it.
Ingersoll Rand advised stockholders that mini-tender offers often do not provide the same level of investor protections as larger tender offers and can result in shareholders selling their securities at below-market prices. The company urged stockholders to consult with their financial advisors and obtain current stock quotes.
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