Tuesday 30. June 2009
Crown Holdings, Inc. Recommends Rejection of ‘Mini-Tender’ Offer from TRC Capital
Crown Holdings, Inc. (NYSE:CCK) today said it has been notified of an unsolicited “mini-tender” offer by TRC Capital Corporation, a private Canadian investment company, to purchase up to three million shares of Crown’s common stock, which represents about 1.9% of Crown’s outstanding common stock. Crown noted that TRC’s unsolicited offer of $21.50 per share was approximately 4.75% below the $22.57 closing price of Crown stock on June 24, 2009, the day before the offer was commenced.