AmerisourceBergen issues recommendation to reject 'mini-tender' offer
AmerisourceBergen has been notified of an unsolicited "mini-tender" offer by TRC Capital to purchase up to 1.5M shares, or approximately 0.68% of the outstanding common stock of AmerisourceBergen as of October 31, at a price of $74.00 per share in cash. TRC's offer price is approximately 4.37% less than the $77.38 closing price of AmerisourceBergen's common stock on December 16. AmerisourceBergen stated that it does not endorse TRC's mini-tender offer and recommends that AmerisourceBergen stockholders not tender their shares in response to the offer. AmerisourceBergen stockholders who have already tendered their shares may withdraw their shares at any time prior to 12:01 a.m. NYC time, on January 20, 2017. The company stated that TRC has made many similar mini-tender offers for shares of other companies. The SEC has cautioned investors about these mini-tender offers.