#USA #Dallas #AT&T #TRC Capital #mini-tender

AT&T Recommends Rejection of TRC Capital's Mini-Tender Offer

In a recent notice issued from its Dallas headquarters, AT&T Inc. has alerted shareholders about an unsolicited mini-tender offer from TRC Capital Investment Corporation. The offer, dated May 5, 2025, proposed the purchase of up to 4 million shares of AT&T's common stock at a price of $26.38 per share, which is notably below the current trading price of AT&T shares. The offer is set to expire on June 3, 2025, unless TRC decides to extend it.

AT&T has emphasized that it has no association with TRC Capital and strongly recommends that shareholders reject this unsolicited offer. The company cautions its investors that accepting this offer could lead to selling their shares at a price significantly lower than the market value. Furthermore, the nature of mini-tender offers allows companies to skirt many disclosure and procedural requirements mandated by the U.S. Securities and Exchange Commission (SEC).

The SEC has previously issued alerts regarding mini-tender offers, warning that such offers can catch investors off guard leading them to sell their securities at below-market prices. This particular situation has raised red flags for AT&T, and the company has taken a firm stance to protect its shareholders' interests.

AT&T advised shareholders to check the current market quotes for their stock and to consult with their financial advisors before making any decisions regarding TRC's offer. Additionally, for those who may have already tendered their shares, AT&T encourages them to withdraw their tender by following the procedures outlined in the offering documents provided by TRC before the expiration of the offer.

Understanding Mini-Tender Offers

Mini-tender offers are designed to acquire less than 5 percent of a company's outstanding shares. This limit enables the offering entity to dodge many of the extensive disclosure and procedural measures required for traditional tender offers by the SEC. Consequently, such offers can pose a risk to unsuspecting investors who may not fully grasp the implications of the offer or the associated risks.

What Should Shareholders Do?

• - Stay Informed: Continue to monitor current market prices for AT&T shares.
• - Consult Financial Advisors: For personalized advice on stock market behavior and the implications of the mini-tender offer.
• - Consider Withdrawal: If shares have been tendered, ensure to review procedures for withdrawal before the offer expires.

As AT&T continues to serve over 100 million U.S. customers, including 2.5 million businesses, the company remains dedicated to its mission to innovate and improve lives through connectivity. For more information about the potential risks associated with TRC’s offer and further assistance, AT&T encourages shareholders to refer to its investor relations webpage or contact their financial advisors.

In conclusion, the warning from AT&T highlights the importance of due diligence for shareholders, especially when approached with unsolicited offers that may seem appealing but carry hidden risks. As the deadline approaches, being informed and cautious is critical for all investors involved.