Dollar General (DG) urged shareholders late Wednesday to reject TRC Capital Investment's unsolicited mini-tender offer to acquire up to 1.5 million common shares at $82.20 apiece.
The offer price is lower than the current market price for Dollar General's shares and the offer is subject to several conditions, the discount store chain said.
Dollar General's shares were down nearly 1% at $84.26 at market close Wednesday.
TRC Capital's offer is scheduled to expire on Oct. 23, Dollar General said.
Price: 84.84, Change: +0.58, Percent Change: +0.69
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