Consolidated Edison, Inc. Recommends Shareholder RejectionÂ of Mini-Tender Offer by TRC Capital Corporation

Apr 24, 2018

NEW YORK, April 24, 2018 (GLOBE NEWSWIRE) -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED), has received notice of an unsolicited "mini-tender" offer by TRC Capital Corporation (TRC Capital) to purchase up to 1.5 million shares of Con Edison’s common stock, which is approximately 0.48 percent of the outstanding shares, at a price of $74.60 per share. The offer price is approximately 4.29 percent below the closing price per share of Con Edison’s common stock on March 29, 2018, the last trading day prior to the date of the offer.

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