Trending...
- Maybesoon Drops New Music Video for "Hill Street."
- Neurocrine Biosciences to Host Analyst Day on December 5, 2023
- ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Arbor Realty Trust, Inc. Investors to Inquire About Securities Class Action Investigation – ABR
RICHMOND, Va., Oct. 2, 2023 ~ On September 26, 2023, Dominion Energy, Inc. (NYSE: D) received notice of an unsolicited "mini-tender" offer from TRC Capital Investment Corporation (TRC Capital) to purchase up to 2 million shares of Dominion Energy's common stock at a price of $44.00 per share in cash. The offer price is approximately 4.47% below the closing price of Dominion Energy's common stock on the same day.
In response to this offer, Dominion Energy has urged shareholders not to tender their shares and has stated that it is not associated in any way with TRC Capital, its mini-tender offer, or the mini-tender offer documentation.
Mini-tender offers seek less than 5% of a company's outstanding shares and do not provide investors with the same level of protections as provided by larger tender offers under U.S. securities laws. The U.S. Securities and Exchange Commission (SEC) has cautioned investors about mini-tender offers, stating that they "have been increasingly used to catch investors off guard," and that investors "may end up selling their securities at below-market prices."
More on Nyenta.com
Shareholders who have already tendered their shares may withdraw them at any time prior to the expiration of the offer by providing the written notice described in the TRC Capital offer documents. According to the offer documents, the offer is currently scheduled to expire at 12:01 a.m., New York City time, on Oct. 27, 2023, but TRC Capital may extend the offer at its discretion.
Dominion Energy also encourages brokers and dealers, as well as other market participants, to review the SEC's letter regarding broker-dealer mini-tender offer dissemination and disclosure available on its website http://www.sec.gov/divisions/marketreg/minitend... . It also requests that a copy of this news release be included with all distributions of materials relating to TRC Capital's mini-tender offer related to Dominion Energy shares of common stock.
In response to this offer, Dominion Energy has urged shareholders not to tender their shares and has stated that it is not associated in any way with TRC Capital, its mini-tender offer, or the mini-tender offer documentation.
Mini-tender offers seek less than 5% of a company's outstanding shares and do not provide investors with the same level of protections as provided by larger tender offers under U.S. securities laws. The U.S. Securities and Exchange Commission (SEC) has cautioned investors about mini-tender offers, stating that they "have been increasingly used to catch investors off guard," and that investors "may end up selling their securities at below-market prices."
More on Nyenta.com
- Empowering Voices: Houston's Black Authors Illuminate the Blockchain World with 'Chain Reaction'
- Bit Digital, Inc. Announces Monthly Production Update for November 2023
- Morgan Stanley China A Share Fund, Inc. Declares a Dividend
- Barker, Pasha and Vokac receive prestigious 54th annual USS Admiral of the Ocean Sea Awards
- New Rochelle: Free 2 Hour Holiday Parking December 1-31
Shareholders who have already tendered their shares may withdraw them at any time prior to the expiration of the offer by providing the written notice described in the TRC Capital offer documents. According to the offer documents, the offer is currently scheduled to expire at 12:01 a.m., New York City time, on Oct. 27, 2023, but TRC Capital may extend the offer at its discretion.
Dominion Energy also encourages brokers and dealers, as well as other market participants, to review the SEC's letter regarding broker-dealer mini-tender offer dissemination and disclosure available on its website http://www.sec.gov/divisions/marketreg/minitend... . It also requests that a copy of this news release be included with all distributions of materials relating to TRC Capital's mini-tender offer related to Dominion Energy shares of common stock.
Filed Under: Business
0 Comments
Latest on Nyenta.com
- Financial Literacy Advocate Jim Silbernagel Selected to Appear on Spotlight Television
- The Five Pillars of Success Pillar One Strengths Outlined by Rosann Santos CPC
- Pitch Black Appoints New Chief People Officer
- Soundcore Capital Partners Announces Sale of PumpMan
- Emmy Award Winning Journalist Joins Prominent Haddonfield Real Estate Agency
- Avolar Pets Introduces Exclusive Shared Private Jet Service For Pets & Their Owners
- Environmental Noise Control, Inc. Products Now Featured on New York Department of Environmental Protection's Approved List
- G-III Apparel Group Appoints Dana Perlman as its New Chief Growth and Operations Officer
- Founder Brings Inaugural Event To Braselton Georgia At Legendary Resort and Winery
- The Importance of Vacations and Expert Tips for Planning
- Biochips Market size is set to grow by USD 43.27 billion from 2022 to 2027 | North America is estimated to account for 41% of the market growth - Technavio
- UE Systems, the Leader in Ultrasonic Detection Instruments and Solutions, Revolutionizes Bearing Maintenance with the Launch of OnTrak Wireless
- HBCUs Among Groups Heading to The Bahamas for Track & Field Competition in March 2024
- Noble World Foundation Proposes UN Security Council Reform to Foster Global Peace
- Only 20% of companies globally are meeting their carbon reduction targets, and many acknowledge need for "complete transformation," according to ENGIE Impact report USA - English Deutschland - Deutsch
- Rochester: City, USDA Wildlife Services to Disperse Winter Crows
- Pritchard Industries Acquires ACP Facility Services
- KBRA Named Ratings Agency Of The Year at Second Annual SFR Industry Awards
- Coming Up On Fox Business Financial Industry Legend Tom Hegna
- The Museum at FIT Presents Statement Sleeves