Press release
Dollar Tree Comments on TRC Capital “Mini-Tender” Offer
CHESAPEAKE, Va.--(BUSINESS WIRE)-- Dollar Tree, Inc. (NASDAQ: DLTR), North America’s leading operator of discount variety stores, has been notified that TRC
About this update from Dollar Tree, Inc.
[{"type":"text","content":" CHESAPEAKE, Va.--(BUSINESS WIRE)--\nDollar Tree, Inc. (NASDAQ: DLTR), North America’s leading operator of discount variety stores, has been notified that TRC Capital Investment Corporation (TRC) has made an unsolicited “mini-tender” offer to purchase up to 1,500,000 shares of Dollar Tree stock at $89.88 per share, or 4.44 percent below the closing share price of Dollar Tree stock on the last trading day before the date of the offer. The TRC offer price is also 3.19% below the closing trading price of Dollar Tree stock today.\n\n\nDollar Tree is in no way associated with TRC, and expresses no opinion and is remaining neutral toward TRC’s offer.\n\n\nMini-tender offers seek to acquire less than five percent of a company's outstanding shares, thereby avoiding many disclosure and procedural requirements under U.S. federal securities laws and the rules and regulations of the U.S. Securities and Exchange Commission (SEC). As a result, mini-tender offers do not provide investors with the same level of protections as provided by larger tender offers under the U.S. federal securities laws.\n\n\nOn its website, the SEC advises that the people behind these offers “frequently use mini-tender offers to catch shareholders off guard” and that investors “may end up selling at below-market prices.” The SEC's tips for investors regarding mini-tender offers may be found at http://www.sec.gov/investor/pubs/minitend.htm.\n\n\nPlease be aware that shareholders are not required to respond to TRC’s offer. If considering the offer, shareholders should obtain current stock quotes for their shares of Dollar Tree, consult their financial advisors, and exercise caution with respect to TRC’s offer. The offer is set to expire at 12:01 a.m., New York City time, on January 24, 2020, but TRC may extend the offer or terminate it before the expiration date.\n\n\nDollar Tree encourages broker-dealers and other market participants in the dissemination of the offer to review the SEC's recommendations to broker-dealers in these circumstances, which can be found on the SEC website at http://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm. Dollar Tree requests that a copy of this news release be included with all distribution of materials related to TRC’s offer for shares of Dollar Tree common stock.\n\n\nAbout Dollar Tree, Inc.\n\n\nDollar Tree, a Fortune 20...