P&g Focus Of Mini Tender Offer

A Canadian investment firm has made an unsoliciated "mini tender offer" to Procter & Gamble shareholders to buy up to 2 million shares of P&G stock. However, TRC Capital's offer of $54.25 per share is 5.5 percent below Friday's closing price of $57.44 and P&G has recommended that shareholders reject the offer from the Edmonton, Alberta-based company.

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