The FX PostThe FX Post
    What's Hot

    RICH Miner leads the Ripple cloud mining revolution – converting XRP into daily stable income

    July 14, 2025

    GCCI hosts strategic meeting with APMIA Chairman – Daily Times

    July 13, 2025

    Bitcoin surge triggers investment boom in Europe and America, investors flock to Mint Miner

    July 12, 2025
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home ยป Verizon Rejects “Mini-Tender Offer” for 3 Million Shares
    News

    Verizon Rejects “Mini-Tender Offer” for 3 Million Shares

    August 11, 20231 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    Verizon Communications Inc. (VZ) has announced that it recently received a notice from TRC Capital Investment Corp., regarding a “mini-tender offer” to purchase up to 3 million shares of Verizon common stock. However, the offer price of $31.95 per share is 2.9% lower than the current market level and 4.4% below the closing price on August 1.

    Rejecting the offer, Verizon has labeled it as “unsolicited.” Mini-tender offers typically aim for less than 5% of a company’s outstanding shares. In this case, the 3 million-share stake being sought represents only about 0.1% of the total 4.204 billion outstanding shares as of June 30.

    Despite experiencing a slight 0.6% increase in morning trading on Thursday, Verizon’s stock has struggled throughout the year, dropping by 16.6%. It did, however, show a temporary improvement recently, bouncing back by 4.5% after reaching a 13-year low of $31.46 on July 17.

    In comparison, the broader market index, Dow Jones Industrial Average (DJIA), has managed to gain 6.9% year-to-date.

    Verizon advises its shareholders to turn down this mini-tender offer given the below-market price being offered and invites them to hold onto their stock as the company continues to navigate through these challenging market conditions.

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    RICH Miner leads the Ripple cloud mining revolution – converting XRP into daily stable income

    July 14, 2025

    GCCI hosts strategic meeting with APMIA Chairman – Daily Times

    July 13, 2025

    Bitcoin surge triggers investment boom in Europe and America, investors flock to Mint Miner

    July 12, 2025

    Bitcoin Hits Record $113K as $575M in Shorts Get Liquidated – TokenPost

    July 11, 2025
    Add A Comment

    Leave A Reply Cancel Reply

    16  −    =  15

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • RICH Miner leads the Ripple cloud mining revolution – converting XRP into daily stable income
    • GCCI hosts strategic meeting with APMIA Chairman – Daily Times
    • Bitcoin surge triggers investment boom in Europe and America, investors flock to Mint Miner
    • Bitcoin Hits Record $113K as $575M in Shorts Get Liquidated – TokenPost
    • Govt enacts law to regulate VAs, plans pilot for digital currency – Daily Times
    Featured Reviews

    Traders Connect Review

    May 18, 2023

    System Levels Review

    May 26, 2023
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Crypto Robot
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2025, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.