DuPont Recommends Rejection of TRC Capital’s “Mini-Tender” Offer

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DuPont today announced that it has been notified of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation to purchase up to 2 million shares, or approximately 0.27 percent of outstanding shares…

DuPont today announced that it has been notified of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation to purchase up to 2 million shares, or approximately 0.27 percent of outstanding shares, of DuPont’s common stock at $64.75 per share, which was approximately 4.27 percent below the closing share price of DuPont’s common stock on Nov. 15, 2019 ($67.64), the last trading day prior to the date of TRC Capital’s mini-tender offer, and approximately 0.46 percent below the closing share price of DuPont common stock on Nov. 20, 2019 ($65.05), the day prior to this release.


DuPont does not endorse TRC Capital’s offer and recommends that DuPont stockholders reject the offer and not tender their shares in response to TRC Capital’s unsolicited mini-tender offer.


This mini-tender offer is at a price below the market price for DuPont shares (as of today’s date) and is subject to numerous conditions, including TRC Capital’s ability to obtain financing. DuPont is not associated in any way with TRC Capital, its mini-tender offer or the offer documentation.

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