{"id":144932,"date":"2023-06-20T13:20:00","date_gmt":"2023-06-20T12:18:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-the-home-depot-recommends-shareholders-reject-mini-tender-offer-by-trc-capital-investment-corporation\/"},"modified":"2023-06-20T13:30:02","modified_gmt":"2023-06-20T17:30:02","slug":"the-home-depot-sugiere-a-sus-accionistas-rechazar-la-minioferta-de-licitacion-de-trc-capital-investment-corporation","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/the-home-depot-sugiere-a-sus-accionistas-rechazar-la-minioferta-de-licitacion-de-trc-capital-investment-corporation\/","title":{"rendered":"The Home Depot Recommends Shareholders Reject &#8220;Mini-Tender&#8221; Offer by TRC Capital Investment Corporation"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">ATLANTA<\/span>, <span class=\"xn-chron\">June 20, 2023<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; The Home Depot, Inc., the world&#8217;s largest home improvement retailer, has been notified that TRC Capital Investment Corporation (&#8220;TRC Capital&#8221;) has made an unsolicited &#8220;mini-tender&#8221; offer to purchase up to 500,000 shares of Home Depot&#8217;s common stock, at an offer price of <span class=\"xn-money\">$280<\/span> per share. TRC Capital&#8217;s offer price of <span class=\"xn-money\">$280<\/span> per share is approximately 4.47% lower than the closing price of Home Depot common stock on the New York Stock Exchange on <span class=\"xn-chron\">June 5, 2023<\/span>, the last trading day prior to the date of the offer, <span class=\"xn-chron\">June 6, 2023<\/span>.<\/p>\n<div id=\"prni_dvprnejpgcba6left\" dir=\"ltr\" style=\"width: 100%; text-align: left;\"><img decoding=\"async\" id=\"prnejpgcba6left\" title=\"The Home Depot logo.\" src=\"https:\/\/mma.prnewswire.com\/media\/118058\/the_home_depot_logo.jpg\" alt=\"The Home Depot logo.\" align=\"middle\"\/><\/div>\n<p><b>The Home Depot does not endorse TRC Capital&#8217;s unsolicited mini-tender offer and recommends that shareholders do not tender their shares in response to TRC Capital&#8217;s offer because the offer is at a price significantly below the current market value of Home Depot common stock.<\/b>\u00a0Per the terms of the offer, any shareholders who tender (or have already tendered) their shares can withdraw them prior to the expiration of the offer, currently scheduled for <span class=\"xn-chron\">12:01 a.m.<\/span>, <span class=\"xn-location\">New York City<\/span> time, on <span class=\"xn-chron\">July 7, 2023<\/span>, in accordance with the offering documents.<\/p>\n<p>The Home Depot is not affiliated or associated in any way with TRC Capital, its mini-tender offer, or its mini-tender offer documents. Consistent with the cautionary guidance from the U.S. Securities and Exchange Commission (&#8220;SEC&#8221;) referenced below, The Home Depot urges investors to obtain a current market quotation for their shares, consult with their broker or financial advisor, and exercise caution with respect to TRC Capital&#8217;s offer.<\/p>\n<p>TRC Capital&#8217;s purported mini-tender offer seeks less than five percent\u00a0of Home Depot&#8217;s outstanding common stock, thereby avoiding many disclosure and procedural requirements of the SEC that apply to offers for more than five percent of a company&#8217;s outstanding shares. As a result, mini-tender offers do not provide investors with the same level of protections as provided by larger tender offers under U.S. securities laws.<\/p>\n<p>The SEC&#8217;s cautionary guidance to investors regarding mini-tenders is available at <a href=\"https:\/\/www.sec.gov\/reportspubs\/investor-publications\/investorpubsminitendhtm.html\" rel=\"nofollow\">https:\/\/www.sec.gov\/reportspubs\/investor-publications\/investorpubsminitendhtm.html<\/a>. TRC Capital has made similar unsolicited mini-tender offers for stock of other public companies. The Home Depot encourages brokers and dealers, as well as other market participants, to review the SEC&#8217;s letter regarding broker-dealer mini-tender offer dissemination and disclosure at <a href=\"https:\/\/www.sec.gov\/divisions\/marketreg\/minitenders\/sia072401.htm\" rel=\"nofollow\">https:\/\/www.sec.gov\/divisions\/marketreg\/minitenders\/sia072401.htm<\/a>.<\/p>\n<p>The Home Depot requests that a copy of this press release be included with all distributions of materials related to TRC Capital&#8217;s mini-tender offer related to Home Depot&#8217;s common stock.<\/p>\n<p><b><u>About The Home Depot<br \/><\/u><\/b>The Home Depot is the world&#8217;s largest home improvement specialty retailer. At the end of the first quarter of fiscal 2023, the company operated a total of 2,324 retail stores in all 50 states, the <span class=\"xn-location\">District of Columbia<\/span>, <span class=\"xn-location\">Puerto Rico<\/span>, <span class=\"xn-location\">U.S. Virgin Islands<\/span>, <span class=\"xn-location\">Guam<\/span>, 10 Canadian provinces and <span class=\"xn-location\">Mexico<\/span>. In fiscal 2022, The Home Depot had sales of <span class=\"xn-money\">$157.4 billion<\/span> and earnings of <span class=\"xn-money\">$17.1 billion<\/span>. The company employs approximately 475,000 associates. The Home Depot&#8217;s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard &amp; Poor&#8217;s 500 index.<\/p>\n<p>Logo &#8211; <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3897158-1&amp;h=2613749061&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F118058%2Fthe_home_depot_logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F118058%2Fthe_home_depot_logo.jpg\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/118058\/the_home_depot_logo.jpg<\/a>\u00a0<\/p>\n<p>SOURCE  The Home Depot<\/p>\n<\/div>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">ATLANTA<\/span>, <span class=\"xn-chron\">June 20, 2023<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; The Home Depot, Inc., the world&#8217;s largest home improvement retailer, has been notified that TRC Capital Investment Corporation (&#8220;TRC Capital&#8221;) has made an unsolicited &#8220;mini-tender&#8221; offer to purchase up to 500,000 shares of Home Depot&#8217;s common stock, at an offer price of <span class=\"xn-money\">$280<\/span> per share. TRC Capital&#8217;s offer price of <span class=\"xn-money\">$280<\/span> per share is approximately 4.47% lower than the closing price of Home&#8230;<\/p>\n","protected":false},"author":1,"featured_media":144933,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-144932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/144932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=144932"}],"version-history":[{"count":"1","href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/144932\/revisions"}],"predecessor-version":[{"id":144950,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/144932\/revisions\/144950"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/144933"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=144932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=144932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=144932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}