GE Vernova Recommends Shareholders Reject “Mini-Tender” Offer by TRC Capital Investment Corporation
GE Vernova Inc. (GEV)
Company Research
Source: Business Wire
CAMBRIDGE, Mass--(BUSINESS WIRE)--GE Vernova Inc. (NYSE: GEV) today announced that it received notice of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation (TRC Capital) to purchase up to 1,000,000 shares of GE Vernova common stock, which represents approximately 0.4% of the shares outstanding, at a price of $155.00 per share in cash. TRC Capital’s offer price is 7.39% less than the $167.36 closing price per share of GE Vernova’s common stock on May 7, 2024, the last trading day before the mini-tender offer appears to have commenced.GE Vernova does not endorse TRC Capital’s unsolicited mini-tender offer and recommends that GE Vernova shareholders not tender their shares in the offer because the offer is at a price below the current market price for GE Vernova’s shares. TRC Capital has included in the terms of its offer a condition that the closing price of GE Vernova’s shares must not decrease by more than 5%. As a result, unless TRC Capital decides to waive
Show less
Read more
Impact Snapshot
Event Time:
GEV
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GEV alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GEV alerts
High impacting GE Vernova Inc. news events
Weekly update
A roundup of the hottest topics
GEV
News
- Arafura gets conditional approval for $300m EDC debt funding [Yahoo! Finance]Yahoo! Finance
- GenCell Wows Austin Crowd of Energy Professionals with Hydrogen-Fueled Products that Will Revolutionize Grid Resilience and Disaster Response [Yahoo! Finance]Yahoo! Finance
- GE Vernova Inc. (NYSE: GEV) had its price target raised by analysts at JPMorgan Chase & Co. from $163.00 to $176.00. They now have an "overweight" rating on the stock.MarketBeat
- GE Vernova Inc. (NYSE: GEV) is now covered by analysts at Morgan Stanley. They set an "equal weight" rating and a $167.00 price target on the stock.MarketBeat
- ThinkLabs AI, Inc. Launches and Secures $5M Seed Investment to Develop Technology to Transform Critical Grid Operations [Financial Post (Toronto, Ontario, Canada)]Financial Post
GEV
Earnings
- 4/26/24 - Miss
GEV
Sec Filings
- 5/20/24 - Form 4
- 5/20/24 - Form 4
- 5/20/24 - Form 4
- GEV's page on the SEC website