TRC Capital Investment Corporation announced on April 9, 2025, an amendment to its mini-tender offer for Ingersoll Rand Inc. common shares. The offer price was decreased to US$65.25 per share from the initial US$77.50 per share.
TRC Capital is seeking to purchase up to 1,500,000 common shares of Ingersoll Rand. The amended offer is scheduled to expire on April 23, 2025, unless further extended.
As of April 8, 2025, only 200 shares had been tendered in response to the offer. Ingersoll Rand had previously recommended that its stockholders reject TRC Capital's unsolicited offer, citing the discounted price and lack of investor protections.
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