Solventum says its neutral toward TRC mini tender offer

Solventum has been notified that TRC Capital Investment Corporation, or TRC, made an unsolicited “mini-tender offer” to purchase up to 2M shares of the company’s common stock at $59.15 per share and decreased the offer price on June 6, to $55.00 per share. The closing stock price of Solventum’s common stock on June 6 was $55.05. As of the date of this press release, Solventum expresses no opinion and is neutral toward TRC’s tender offer but cautions stockholders to monitor the trading price of the Solventum stock and any amendment to the offer price and to review the terms and conditions to the tender offer carefully. There is no guarantee the conditions of the offer will be satisfied. Solventum stockholders who have already tendered their shares may withdraw them at any time by providing notice in the manner described in the TRC offering documents prior to the expiration of the offer, which is currently scheduled for 11:59 p.m., New York City time, on June 20, unless extended. Solventum does not endorse TRC’s unsolicited mini-tender offer. Solventum is not affiliated or associated in any way with TRC, its mini-tender offer, or its mini-tender offer documents.