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AAP / Advance Auto Parts gets ‘mini-tender' offer from Canadian investment company

Advance Auto Parts gets ‘mini-tender' offer from Canadian investment company
Advance Auto Parts Inc. AAP, -1.64% said late Monday that Canada's TRC Capital Investment Corp. has made an unsolicited “mini-tender,” or less than 5% of the company's shares, offer to purchase up to 1 million shares of the auto parts retailer at $65.75 a share, or 4.4% below the closing price of the company's stock as of last Monday. That was the last trading day before the date of the offer, Advance Auto Parts said. Read More
Posted: Jul 17 2023, 17:28
Author Name: Market Watch
Views: 111457

AAP News  

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