India, June 18 -- Exxon Mobil Corporation (XOM) has received notice of an unsolicited mini-tender offer from TRC Capital Investment Corporation to purchase up to 1 million shares of ExxonMobil common stock, approximately 0.023% of the company's outstanding shares as of June 9, 2025.
TRC's offer of $100 per share is 4.1% below ExxonMobil's closing price on June 6 and over 10% below the most recent closing price. ExxonMobil strongly recommends that shareholders do not tender their shares, citing the offer's unfavorable pricing, a conditional purchase price of $99.06, and various other conditions. The company clarified that it is not affiliated with TRC or its offer.
TRC has previously made similar mini-tender offers to other companies. Thes...