Target Cautions Shareholders Regarding TRC Capital's "Mini-Tender" Offer
Target Corporation (NYSE: TGT) has issued a warning to shareholders regarding an unsolicited mini-tender offer from TRC Capital Corporation. The offer seeks to purchase up to 1.5 million shares (approximately 0.33% of outstanding shares) at $89.00 per share in cash.
Target explicitly states it is not affiliated with TRC Capital and does not endorse this offer. The company highlights that mini-tender offers typically seek less than 5% of shares to avoid investor protection requirements. The offer is set to expire on October 6, 2025.
Target urges shareholders to exercise caution, obtain current market quotations, and consult with financial advisors before considering the offer.
Target Corporation (NYSE: TGT) ha avvertito gli azionisti riguardo a una proposta mini-tender non solicitata da TRC Capital Corporation. L'offerta prevede l'acquisto di fino a 1,5 milioni di azioni (circa 0,33% delle azioni in circolazione) al prezzo in contanti di 89,00 dollari per azione.
Target precisa di non essere affiliata a TRC Capital e di non sponsorizzare questa proposta. L'azienda sottolinea che le offerte di tipo mini-tender di solito mirano a meno del 5% delle azioni per evitare requisiti di protezione agli investitori. L'offerta scadrà il 6 ottobre 2025.
Target esorta gli azionisti a procedere con cautela, a ottenere quotazioni di mercato aggiornate e a consultare i consulenti finanziari prima di valutare l'offerta.
Target Corporation (NYSE: TGT) ha emitido una advertencia a los accionistas sobre una oferta de mini-tender no solicitada de TRC Capital Corporation. La oferta prevé comprar hasta 1,5 millones de acciones (aproximadamente 0,33% de las acciones en circulación) a $89,00 por acción en efectivo.
Target aclara que no está afiliada a TRC Capital y no respalda esta oferta. La empresa destaca que las ofertas de mini-tender suelen dirigirse a menos del 5% de las acciones para evitar requisitos de protección a los inversores. La oferta vencerá el 6 de octubre de 2025.
Target insta a los accionistas a actuar con cautela, obtener cotizaciones actuales del mercado y consultar con asesores financieros antes de considerar la oferta.
Target Corporation (NYSE: TGT)는 TRC Capital Corporation의 비청구 미니 텐더 매수 제안에 대해 주주들에게 경고를 발표했습니다. 제안은 최대 150만 주를 현금으로 주당 89.00달러에 매수하는 것을 목표로 합니다.
Target는 TRC Capital과의 제휴가 없으며 이 제안을 지지하지 않는다고 명시합니다. 회사는 미니 텐더 제안이 일반적으로 <5% 미만의 주식만을 겨냥해 투자자 보호 요건을 피하는 경향이 있음을 강조합니다. 제안은 2025년 10월 6일에 만료됩니다.
Target는 주주들에게 주의를 기울이고, 현재 시장 시세를 확인하며, 제안을 고려하기 전에 재무 자문가와 상담할 것을 촉구합니다.
Target Corporation (NYSE: TGT) a averti ses actionnaires d'une offre mini-tender non sollicitée de TRC Capital Corporation. L'offre vise à acheter jusqu'à 1,5 million d'actions (environ 0,33% des actions en circulation) au prix en espèces de 89,00 $ par action.
Target précise qu'elle n'est pas affiliée à TRC Capital et ne soutient pas cette offre. L'entreprise souligne que les offres mini-tender cherchent généralement à détenir moins de <5% des actions pour éviter certaines protections des investisseurs. L'offre expirera le 6 octobre 2025.
Target invite les actionnaires à faire preuve de prudence, à obtenir les cotations actuelles du marché et à consulter des conseillers financiers avant d'envisager l'offre.
Target Corporation (NYSE: TGT) hat eine Warnung an die Aktionäre bezüglich eines unaufgeforderten Mini-Tender-Angebots von TRC Capital Corporation veröffentlicht. Das Angebot zielt darauf ab, bis zu 1,5 Millionen Aktien (etwa 0,33% der ausstehenden Aktien) zu einem Barpreis von 89,00 USD je Aktie zu kaufen.
Target erklärt ausdrücklich, dass es nicht mit TRC Capital verbunden ist und dieses Angebot nicht unterstützt. Das Unternehmen hebt hervor, dass Mini-Tender-Angebote typischerweise weniger als 5% der Aktien anstreben, um Anforderungen zum Anlegerschutz zu umgehen. Das Angebot läuft am 6. Oktober 2025 ab.
Target mahnt die Aktionäre zur Vorsicht, sie sollen aktuelle Marktkurse einholen und sich vor einer Erwägung des Angebots mit Finanzberatern beraten.
أصدرت شركة Target Corporation (بورصة نيويورك: TGT) تحذيراً للمساهمين بشأن عرض ميني-تندر غير المطلوب من TRC Capital Corporation. يهدف العرض إلى شراء حتى 1.5 مليون سهم (حوالي 0.33% من الأسهم القائمة) بسعر نقدي مقداره 89.00 دولاراً للسهم.
توضح Target أنها غير مرتبطة بـ TRC Capital ولا تدعم هذا العرض. وتشير الشركة إلى أن عروض الميني-تندر عادةً ما تستهدف أقل من <5% من الأسهم لتفادي متطلبات حماية المستثمرين. ينتهي العرض في 6 أكتوبر 2025.
تشجع Target المساهمين على توخي الحذر، والحصول على أسعار السوق الحالية، والتشاور مع المستشارين الماليين قبل النظر في العرض.
Target Corporation（NYSE: TGT）已向股东发出警告，针对 TRC Capital Corporation 的一项未经请求的迷你劫收要约。该要约拟在现金方式下购买最多 150万股（约占已发行股本的 0.33%）股，价格为每股 89.00美元。
Target 明确表示其与 TRC Capital 无关联，也不支持此要约。公司强调，迷你劫收要约通常只寻求不到 <5% 的股份，以规避投资者保护要求。要约将于 2025年10月6日 结束。
Target 呼吁股东保持谨慎，获取最新市场报价，并在考虑要约前咨询金融顾问。
- None.
- Unsolicited mini-tender offer attempts to acquire Target shares below market value
- Mini-tender offer deliberately avoids investor protection requirements by targeting less than 5% of shares
- Potential risk for shareholders who may be caught off guard by the below-market offer
Insights
Target warns shareholders about TRC Capital's mini-tender offer at $89/share, highlighting potential risks in these under-regulated acquisition attempts.
Target Corporation has issued a shareholder warning regarding an unsolicited mini-tender offer from TRC Capital Corporation. TRC is attempting to acquire up to 1,500,000 shares (approximately
This warning merits close attention as mini-tender offers are designed to fly under regulatory radar by seeking less than
While Target's press release doesn't explicitly state whether the
The timing is also noteworthy - TRC has set an expiration of October 6, 2025, giving shareholders limited time to properly evaluate the offer. Target's unusual step of requesting that its warning be included with all materials relating to TRC's offer further underscores the seriousness with which they view this matter.
This isn't TRC Capital's first such maneuver - they have a documented history of making similar unsolicited mini-tender offers for shares of other public companies. The SEC has published specific investor alerts about these types of offers, recognizing their potentially predatory nature.
Target is not affiliated with TRC Capital and does not endorse this unsolicited mini-tender offer. Target is not associated with TRC Capital, its mini-tender offer, or the mini-tender offer documentation.
Target expresses no opinion on TRC Capital's offer and encourages shareholders to obtain current market quotations for their shares of Target common stock, consult with their brokers or financial advisors, review the terms and conditions of TRC Capital's offer, and exercise caution with respect to the offer. TRC Capital's offer is currently scheduled to expire one minute after 11:59 p.m., Eastern Time, on October 6, 2025.
TRC Capital has made similar unsolicited mini-tender offers for shares of other public companies. Mini-tender offers are designed to seek less than five percent of a company's outstanding shares, thereby avoiding many investor protections, including the disclosure and procedural requirements applicable to most bids under
Target encourages brokers and dealers, as well as other market participants, to review the SEC's letter regarding broker-dealer mini-tender offer dissemination and disclosures on the SEC's website at: http://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm.
Target urges shareholders to obtain current market quotations for their shares, consult with their broker or financial advisor, review the terms and conditions of the offer, and exercise caution with respect to the offer.
Target requests that a copy of this news release be included with all distributions of materials relating to TRC Capital's mini-tender offer related to Target Corporation shares of common stock.
About Target
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SOURCE Target Corporation
FAQ
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