US-based Advance Auto Parts comments on TRC Capital’s mini-tender offer
The company said that it was in no way associated with TRC and expressed no opinion on TRC’s “mini-tender” offer
Advance Auto Parts, an automotive aftermarket parts distributor in North America that serves both professional installer and do-it-yourself customers, has announced that it was notified that TRC Capital Investment Corp. (TRC) has made an unsolicited “mini-tender” offer to purchase up to 1,000,000 shares of Advance Auto Parts stock, according to a press release dated July 17.
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