Hydro One Limited recommends shareholders reject TRC Capital's below-market "mini tender" offer for common shares

Hydro One cautions shareholders that TRC Capital's offer has been made at a price below recent market prices for the Hydro One common shares. TRC Capital's unsolicited offer price of CAD$38.10 per share represents a discount of approximately 4.49$39.89 closing price of the Hydro One common shares on July 9, 2024, the last trading day before the mini-tender offer was commenced. TRC Capital has made similar unsolicited mini-tender offers for shares of several other public companies in Canada and e ...