Tyson Foods Inc. announced that it has received notice of an unsolicited mini-tender offer by TRC Capital Corporation to purchase up to 2 million shares of Tyson Foods, Inc. Class A common stock, which represents approximately 0.69 percent of the shares outstanding as of the May 29, 2017 offer date. TRC Capital’s offer price of $55.75 per share is approximately 4.44 percent lower than the $58.34 closing share price of Tyson Foods Class A common stock on May 26, 2017 – the last trading day prior to the date of the offer.
Tyson Foods recommends that stockholders do not tender their shares in response to TRC Capital’s offer because the offer is at a price below the current market price for Tyson Foods’ Class A shares and subject to numerous conditions. Tyson Foods is not affiliated or associated in any way with TRC Capital, its mini-tender offer or the offer documentation.