Summary by Moomoo AI
Alphabet Inc., the parent company of Google, has issued a statement on February 8, 2024, advising shareholders to reject an unsolicited mini-tender offer from TRC Capital Investment Corporation. The offer aims to purchase up to 1 million shares of Alphabet's Class C capital stock at $138.90 per share, a price approximately 4.48 percent below the closing share price on February 6, 2024. Alphabet has clarified that it does not endorse this mini-tender offer and recommends that shareholders do not tender their shares, citing the offer's below-market price and numerous conditions. The company also highlighted that TRC Capital has a history of making similar below-market mini-tender offers for other companies' shares. Mini-tender offers, such as this one, are for less...Show More