General Mills Recommends Shareholders Reject "Mini-Tender" Offer by TRC Capital Investment Corporation

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Jan 18, 2022

General Mills (NYSE: GIS) announced today that it received notice of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation (“TRC”) to purchase up to two million shares of General Mills common stock at a price of $65.50 per share in cash. TRC’s offer price is 4.48% less than the $68.57 closing price per share of General Mills’ common stock on January 7, 2022, the last trading day before the mini-tender offer commenced. If all shares are acquired, TRC’s ownership would represent approximately 0.33% of General Mills’ outstanding common stock.