Viatris Comes Out Swinging At Unsolicited Mini-Tender Offer

TRC Capital Makes Discounted Offer For Millions Of Shares

TRC Capital Corporation, famed for making discounted offers to buy shares well below the SEC’s 5% threshold, has approached Viatris shareholders. The newly-formed company, like many others, has urged shareholders to say no.

Dollars
TRC's offer expires on 14 January • Source: Shutterstock

Viatris has urged shareholders to reject an unsolicited, below-market mini-tender offer from TRC Capital Corporation, the latest made by the infamous Canadian investor, whose tactics have received sharp criticism from companies and the US Securities and Exchange Commission alike.

TRC is attempting to purchase up to 6,000,000 Viatris shares – equivalent to a 0.497% stake – for $16.50 in...

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