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Article: UnitedHealth Group Shareholders Receive "Mini-Tender" Offer From TRC Capital Corporation.
- Article from:
- Business Wire
- Article date:
- June 27, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Securities and Exchange Commission has issued an advisory on "mini-tender" offers. UnitedHealth Group urges investors to:
* Obtain current market quotes for their shares of UNH common stock;
* Consult with their financial advisors; and
* Exercise caution with respect to TRC's offer.
MINNEAPOLIS -- UnitedHealth Group (NYSE:UNH) today announced that it has been notified of an unsolicited "mini-tender" offer by TRC Capital Corporation ("TRC") to purchase up to 2 million shares of UnitedHealth Group common stock, or approximately 0.15 percent of Company shares outstanding as of March 31, 2007. TRC's offer price of $51.50 per ...