Dollar General Corp. (DG) has disclosed that TRC Capital Investment Corporation has initiated an unsolicited "mini-tender" offer to acquire up to 1.5 million shares of Dollar General's common stock. This quantity represents less than 1% of the company's outstanding shares. The offer price is set at $82.20 per share, which is approximately 4.43% lower than the closing price of Dollar General's common stock on the New York Stock Exchange on September 20, 2024—the last trading day preceding the offer date.
Dollar General has stated that it does not endorse TRC Capital's unsolicited mini-tender offer and advises shareholders against tendering their shares. The company highlights that the offer price is below the current market value of Dollar General's common stock and is subject to numerous conditions.
