Alphabet Warns Shareholders of TRC’s Mini-Tender Offer

Alphabet Class A (GOOGL) has released an update.

Alphabet Inc. has alerted its shareholders to an unsolicited mini-tender offer from TRC Capital Investment Corporation to buy up to 1 million shares at a price lower than the recent closing price. Alphabet does not endorse this offer and advises shareholders against tendering their shares. Those who have already tendered have the option to withdraw their shares before the offer expires in early March. The company emphasizes that it has no affiliation with TRC Capital or its offer.

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For a comprehensive understanding of the announcement, you can read the full document here.