Summary by Futu AI
Alphabet Inc., the parent company of Google, has issued a statement on February 8, 2024, advising shareholders to reject an unsolicited mini-tender offer from TRC Capital Investment Corporation. The offer aims to purchase up to 1 million shares of Alphabet's Class C capital stock at $138.90 per share, a price approximately 4.48 percent below the closing share price on February 6, 2024. Alphabet has clarified that it does not endorse this mini-tender offer and recommends that shareholders do not tender their shares, citing the offer price is below the current market value and is subject to numerous conditions. The company also highlighted that TRC Capital has a history of making similar below-market offers for other companies' shares. Mini-tender offers, such as this...Show More