Dollar General Corporation Recommends Shareholders Reject, and Do Not Tender Shares in, "Mini-Tender" Offer by TRC Capital Investment Corporation
Dollar General does not endorse TRC Capital’s unsolicited mini-tender offer and recommends that shareholders do not tender their shares pursuant to such offer because it is at a price below the current market price for Dollar General common stock and is subject to several conditions. According to TRC Capital’s offer documents, any shareholders who tender (or have already tendered) their shares may withdraw them by following the procedures outlined in the offer documents prior to the offer’s expiration, which is currently scheduled to occur at 11:59 pm,
Dollar General is not affiliated or associated in any way with TRC Capital, its mini-tender offer, or its mini-tender offer documents. Consistent with the cautionary guidance from the
Mini-tender offers, such as TRC Capital’s, seek to acquire less than five percent of a company’s outstanding common stock, thereby avoiding many disclosure and procedural requirements of SEC rules intended for the protection of shareholders, which would apply to larger, traditional tender offers. The SEC’s cautionary guidance to investors regarding mini-tenders is available at https://www.sec.gov/reportspubs/investor-publications/investorpubsminitendhtm.html.
TRC Capital has made many similar unsolicited mini-tender offers for shares of other public companies at below market prices. Dollar General encourages brokers and dealers, as well as other market participants, to review the SEC’s letter regarding broker-dealer mini-tender offer dissemination and disclosure at https://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm.
Dollar General requests that a copy of this press release be included with all distributions of materials relating to TRC Capital's mini-tender offer related to Dollar General’s common stock.
About Dollar General Corporation
Dollar General Corporation (NYSE: DG) is proud to serve as America’s neighborhood general store. Founded in 1939, Dollar General lives its mission of Serving Others every day by providing access to affordable products and services for its customers, career opportunities for its employees, and literacy and education support for its hometown communities. As of August 2, 2024, the Company’s 20,345 Dollar General, DG Market, DGX and pOpshelf stores across
View source version on businesswire.com: https://www.businesswire.com/news/home/20240925373458/en/
Investor Contact:
investorrelations@dollargeneral.com
Media Contact:
dgpr@dollargeneral.com
Source: Dollar General Corporation