Ingersoll Rand (IR) said it urged shareholders to reject an unsolicited "mini-tender" offer by TRC Capital Investment to buy up to 1.5 million shares at $77.50 per share, about 4.27% below the closing price of the company's common stock on March 21, the last trading day before the offer.
Ingersoll Rand said it does not endorse TRC Capital's offer and has no connection with TRC Capital.
Ingersoll Rand shares were down more than 1% in recent premarket activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.