Entergy recommends shareholders do not tender their shares in response to TRC's mini-tender offer or, if shareholders have already tendered shares, that they withdraw their shares by providing the written notice described in the TRC mini-tender offer documents prior to the expiration of the offer, currently scheduled for 12:01 a.m. Eastern Time on July 17, 2019, because it was commenced at a below-market offer price, is highly conditional and is not subject to important investor protections. TRC has made many similar unsolicited mini-tender offers for shares of other public companies. Entergy urges broker-dealers and other market participants to review the SEC's recommendations to broker-dealers in these circumstances, which can be found on the SEC website at http://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm and Information Memo Number 01-27 issued by the NYSE on September 28, 2001, which can be found on the NYSE website at https://www.nyse.com/publicdocs/nyse/markets/nyse/rule-interpretations/2001/01-27.pdf regarding the dissemination of mini-tender offer materials. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including 9,000 megawatts of nuclear power.
1 other references
Entergy Recommends Shareholders Do Not Tender in Response to Mini-Tender Offer by TRC Capital CorporationPublished on 20/06/2019 10:45 by: finance.yahoo.com
Entergy Recommends Shareholders Do Not Tender in Response to Mini-Tender Offer by TRC Capital CorporationPublished on 20/06/2019 10:45 by: www.benzinga.com
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