Netflix tells investors to reject mini-tender offer by TRC Capital

1 week ago 7

TipRanks

Thu, December 25, 2025 astatine 5:35 AM CST 1 min read

Netflix (NFLX) said it arsenic been notified of an “unsolicited” mini-tender connection by TRC Capital Investment to acquisition up to 1.25M shares of Netflix communal banal astatine a terms of $91.00 per stock successful cash. The connection is for little than 0.03% of the shares of Netflix communal banal outstanding. Netflix recommends that shareholders cull TRC’s unsolicited offer. “TRC’s connection terms is beneath the existent marketplace terms for shares of Netflix communal stock. The connection besides is taxable to galore conditions. Netflix is not affiliated oregon associated successful immoderate mode with TRC, its mini-tender connection oregon the connection documentation. Mini-tender offers are designed to question little than 5 percent of a company’s outstanding shares, thereby avoiding galore capitalist protections applicable to larger tender offers nether U.S. securities laws,” the institution said successful a statement. Netflix “urges investors to get existent marketplace quotations for their shares, consult with their broker oregon fiscal advisor and workout caution with respect to TRC’s offer.”

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