Deal Snapshot
McCormick Recommends Stockholders Reject "Mini-Tender" Offer by TRC Capital
Friday 27 November 2020

US-based spice company McCormick and Company, Inc. (NYSE: MKC) has received notification of an unsolicited mini-tender offer by Canadian investment firm TRC Capital Investment Corp. to purchase up to 750,000 shares of McCormick common stock non-voting from McCormick stockholders, or approximately 0.60% of the company's outstanding common stock non-voting, at a price of USD 176.38 per sharem, the company said.

The offer price was 4.46 % below the closing price of the company's common stock non-voting on November 13, 2020, the approximate date of commencement of the offer. McCormick is recommending that stockholders do not tender their shares.

Date Published: 27/11/2020