PayPal Looks to Reject $32.80 Mini-Tender Offer from TRC Capital
- TRC Capital Corporation has issued a mini-tender offer to purchase up to 3 million shares of PayPal's stock at a price of $32.80 per share.
PayPal Holdings, Inc. (NASDAQ:PYPL) has received an unsolicited mini-tender offer from TRC Capital Corporation (TRC) for the purchase of up to three million shares of its common stock at a price of $32.80 per share in cash, according to a PayPal statement.
PayPal promptly rejected TRC Capital’s offer and called for shareholders to not tender their shares at the price of $32.80. At the time of writing, PayPal Holdings, Inc. (NASDAQ:PYPL) are currently trading at $33.91, which is 3.4% above the mini-tender offer pitched to the Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term provider – the original offer was made back on September 9, 2015.
Mini-tender offers differ from full acquisition offers in that they are not subject to a number of investor protections seen in the latter instances. This includes the filing of disclosure and other tender offer documents with the Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission (SEC) and other procedures mandated by US regulatory laws. In recent years, the SEC has cautioned against mini-tender offers in a bid to dupe investors looking to offload shares irrespective of current market conditions.
Last month, PayPal Holdings (Nasdaq: PYPL) appointed John D. Rainey as its Chief Financial Officer (CFO). Mr. Rainey has since helped lead PayPal’s financial operations, regional finance teams, and investor relations.
PayPal Holdings, Inc. (NASDAQ:PYPL) has received an unsolicited mini-tender offer from TRC Capital Corporation (TRC) for the purchase of up to three million shares of its common stock at a price of $32.80 per share in cash, according to a PayPal statement.
PayPal promptly rejected TRC Capital’s offer and called for shareholders to not tender their shares at the price of $32.80. At the time of writing, PayPal Holdings, Inc. (NASDAQ:PYPL) are currently trading at $33.91, which is 3.4% above the mini-tender offer pitched to the Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term provider – the original offer was made back on September 9, 2015.
Mini-tender offers differ from full acquisition offers in that they are not subject to a number of investor protections seen in the latter instances. This includes the filing of disclosure and other tender offer documents with the Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission (SEC) and other procedures mandated by US regulatory laws. In recent years, the SEC has cautioned against mini-tender offers in a bid to dupe investors looking to offload shares irrespective of current market conditions.
Last month, PayPal Holdings (Nasdaq: PYPL) appointed John D. Rainey as its Chief Financial Officer (CFO). Mr. Rainey has since helped lead PayPal’s financial operations, regional finance teams, and investor relations.