Symantec Blasts TRC's $81M 'Mini-Tender' Offer

Law360, New York (November 14, 2011, 1:54 PM EST) -- Private investment firm TRC Capital Corp. launched a “mini-tender” offer of roughly $81 million for 5 million shares of Symantec Corp., prompting the computer security giant on Friday to condemn the lowball proposal.

Symantec urged its shareholders to reject TRC’s cash offer of $16.20 per share and thwart its plan to take a 0.7 percent stake in the company, according to a statement.

“Symantec does not endorse TRC’s mini-tender off and recommends that Symantec shareholders do not tender their shares since the offer is below the...
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