Lamb Weston Responds to TRC Capital’s “Mini-Tender” Offer
Lamb Weston Holdings (NYSE: LW) has issued a response to an unsolicited 'mini-tender' offer from TRC Capital Investment . TRC is attempting to purchase up to 2,000,000 shares (approximately 1.4%) of Lamb Weston's common stock at $55.95 per share, which is 4.34% below the February 10, 2025 closing price of $58.49.
The company explicitly states it does not endorse TRC's offer and has no affiliation with TRC or the offer. Mini-tender offers, which target less than 5% of shares outstanding, avoid many SEC disclosure requirements and investor protections that apply to larger tender offers.
The offer is set to expire on March 13, 2025, at 11:59 p.m. New York City time. Lamb Weston advises shareholders to exercise caution, obtain current market quotations, and consult with financial advisors before making any decisions.
Lamb Weston Holdings (NYSE: LW) ha emesso una risposta a un'offerta 'mini-tender' non richiesta da parte di TRC Capital Investment. TRC sta tentando di acquistare fino a 2.000.000 di azioni (circa l'1,4%) del capitale sociale di Lamb Weston a 55,95 dollari per azione, il che rappresenta un ribasso del 4,34% rispetto al prezzo di chiusura del 10 febbraio 2025, pari a 58,49 dollari.
L'azienda afferma esplicitamente di non sostenere l'offerta di TRC e di non avere alcun legame con TRC o con l'offerta. Le offerte mini-tender, che mirano a meno del 5% delle azioni in circolazione, evitano molti requisiti di divulgazione della SEC e le protezioni per gli investitori che si applicano alle offerte di acquisto più grandi.
L'offerta scadrà il 13 marzo 2025, alle 23:59, ora di New York. Lamb Weston consiglia agli azionisti di esercitare cautela, ottenere quotazioni di mercato aggiornate e consultare consulenti finanziari prima di prendere qualsiasi decisione.
Lamb Weston Holdings (NYSE: LW) ha emitido una respuesta a una oferta 'mini-tender' no solicitada de TRC Capital Investment. TRC está intentando comprar hasta 2,000,000 de acciones (aproximadamente el 1.4%) de las acciones comunes de Lamb Weston a $55.95 por acción, lo que representa un 4.34% por debajo del precio de cierre del 10 de febrero de 2025, que fue de $58.49.
La compañía declara explícitamente que no respalda la oferta de TRC y que no tiene ninguna afiliación con TRC ni con la oferta. Las ofertas mini-tender, que apuntan a menos del 5% de las acciones en circulación, evitan muchos requisitos de divulgación de la SEC y protecciones para los inversores que se aplican a ofertas de compra más grandes.
La oferta está programada para expirar el 13 de marzo de 2025, a las 11:59 p.m. hora de la ciudad de Nueva York. Lamb Weston aconseja a los accionistas que actúen con precaución, obtengan cotizaciones de mercado actuales y consulten con asesores financieros antes de tomar cualquier decisión.
램 웨스턴 홀딩스 (NYSE: LW)는 TRC 캐피털 인베스트먼트의 요청하지 않은 '미니 텐더' 제안에 대한 응답을 발표했습니다. TRC는 램 웨스턴의 보통주 2,000,000주(약 1.4%)를 주당 55.95달러에 구매하려 하고 있으며, 이는 2025년 2월 10일 종가 58.49달러보다 4.34% 낮은 가격입니다.
회사는 TRC의 제안을 지지하지 않으며 TRC나 제안과 어떠한 관계도 없다고 명확히 밝히고 있습니다. 미니 텐더 제안은 발행된 주식의 5% 미만을 목표로 하며, 더 큰 인수 제안에 적용되는 많은 SEC 공개 요구 사항 및 투자자 보호를 회피합니다.
제안은 2025년 3월 13일 오후 11시 59분(뉴욕 시간)에 만료될 예정입니다. 램 웨스턴은 주주들에게 주의하라고 권고하며, 현재 시장 시세를 확인하고 결정을 내리기 전에 재정 고문과 상담할 것을 권장합니다.
Lamb Weston Holdings (NYSE: LW) a publié une réponse à une offre 'mini-tender' non sollicitée de TRC Capital Investment. TRC tente d'acheter jusqu'à 2 000 000 d'actions (environ 1,4%) des actions ordinaires de Lamb Weston au prix de 55,95 $ par action, ce qui représente une baisse de 4,34% par rapport au prix de clôture du 10 février 2025 de 58,49 $.
La société déclare explicitement qu'elle ne soutient pas l'offre de TRC et qu'elle n'a aucun lien avec TRC ou l'offre. Les offres mini-tender, qui visent moins de 5% des actions en circulation, évitent de nombreuses exigences de divulgation de la SEC et les protections des investisseurs qui s'appliquent aux offres d'achat plus importantes.
L'offre expirera le 13 mars 2025 à 23h59, heure de New York. Lamb Weston conseille aux actionnaires de faire preuve de prudence, d'obtenir des cotations de marché actuelles et de consulter des conseillers financiers avant de prendre toute décision.
Lamb Weston Holdings (NYSE: LW) hat auf ein unaufgefordertes 'Mini-Tender'-Angebot von TRC Capital Investment reagiert. TRC versucht, bis zu 2.000.000 Aktien (ca. 1,4%) der Stammaktien von Lamb Weston zu einem Preis von 55,95 USD pro Aktie zu erwerben, was 4,34% unter dem Schlusskurs vom 10. Februar 2025 von 58,49 USD liegt.
Das Unternehmen erklärt ausdrücklich, dass es TRCs Angebot nicht unterstützt und keine Verbindung zu TRC oder dem Angebot hat. Mini-Tender-Angebote, die weniger als 5% der ausstehenden Aktien anvisieren, umgehen viele Offenlegungspflichten der SEC und den Anlegerschutz, die für größere Übernahmeangebote gelten.
Das Angebot läuft am 13. März 2025 um 23:59 Uhr New Yorker Zeit ab. Lamb Weston rät den Aktionären, Vorsicht walten zu lassen, aktuelle Marktpreise einzuholen und sich vor Entscheidungen mit Finanzberatern abzusprechen.
- None.
- TRC's offer price of $55.95 represents a 4.34% discount to market price
- Unsolicited mini-tender offer lacks standard SEC investor protections
- Potential risk to shareholders who may not fully understand the mini-tender mechanism
Insights
This mini-tender offer from TRC Capital warrants careful scrutiny as it exemplifies a sophisticated market mechanism that often catches retail investors off guard. The offer's structure - targeting 2,000,000 shares (1.4% of outstanding shares) at
Several critical aspects demand attention: First, the below-market pricing is particularly notable. While traditional tender offers typically include a premium to incentivize shareholders, this discount suggests an attempt to capitalize on investor confusion or inattention. Second, the timing of the one-month offer period creates artificial pressure, potentially rushing shareholders into decisions without proper due diligence.
The regulatory implications are significant. By staying under the
Lamb Weston's measured response follows best practices in corporate governance. By explicitly distancing themselves from the offer while providing resources for shareholder education, they're fulfilling their fiduciary duty without overstepping legal boundaries. The company's emphasis on market quotations and professional consultation reflects an understanding of the potential risks to retail investors who might misinterpret this as a premium offer.
The withdrawal rights until March 13, 2025, provide a critical safety valve for shareholders who might have acted hastily, though the mechanics of withdrawal can be complex and time-sensitive. This type of offer often succeeds by capitalizing on information asymmetry and investor inexperience rather than offering genuine market value.
Lamb Weston does not endorse TRC’s unsolicited offer or the offer documentation. Lamb Weston is not affiliated with or associated in any way with TRC, its mini-tender offer or its offer documentation.
TRC has made many similar mini-tender offers for shares of other companies. Mini-tender offers seek to acquire less than
Lamb Weston expresses no opinion and does not make a recommendation as to whether shareholders should tender their shares in TRC's mini-tender offer. Lamb Weston encourages shareholders to obtain current market quotations for their shares of Lamb Weston common stock, consult with their brokers or financial advisors, and exercise caution with respect to TRC’s offer. Shareholders who have already tendered their shares may withdraw them at any time prior to the expiration of the offer, in accordance with TRC’s offer documentation. The offer is currently scheduled to expire one minute after 11:59 p.m.,
Lamb Weston encourages brokers, dealers, and other investors to review the SEC’s letter regarding broker-dealer mini-tender offer dissemination and disclosure.
Lamb Weston requests that a copy of this news release be included with all distributions of materials relating to TRC’s mini-tender offer.
About Lamb Weston
Lamb Weston is a leading supplier of frozen potato products to restaurants and retailers around the world. For more than 70 years, Lamb Weston has led the industry in innovation, introducing inventive products that simplify back-of-house management for its customers and make things more delicious for their customers. From the fields where Lamb Weston potatoes are grown to proactive customer partnerships, Lamb Weston always strives for more and never settles. Because, when we look at a potato, we see possibilities. Learn more about us at lambweston.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250213475200/en/
Investors:
Deborah Hancock
208-202-7259
investors@lambweston.com
Media:
Erin
208-202-7257
communication@lambweston.com
Source: Lamb Weston Holdings, Inc.
FAQ
What is TRC Capital's offer price for Lamb Weston (LW) shares in their mini-tender offer?
How many shares is TRC Capital seeking to purchase in their mini-tender offer for LW?
When does TRC Capital's mini-tender offer for Lamb Weston (LW) expire?
Does Lamb Weston (LW) endorse TRC Capital's mini-tender offer?
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