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Unsolicited offer is a no-go, according to the toothpaste and soap maker.
July 26, 2021
By: Christine Esposito
Editor-in-Chief
Colgate-Palmolive Company has received notification of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation (TRC) to purchase up to 1.5 million shares, or approximately 0.18% of the outstanding common stock of Colgate as of March 31, 2021, at a price of $80.63 per share in cash. Colgate-Palmolive, ranked No. 3 in Happi's 2021 Top 50 Report, does not endorse TRC’s mini-tender offer and recommends that Colgate stockholders do not tender their shares in response to the ...
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