June 30: Shareholders in the world’s biggest canmaker, Crown Holdings, have been advised against accepting a bid to buy three million of its shares worth almost US$70 million.
The ‘mini-tender’ offer for about 1.9 percent of Crown’s outstanding common stock has been made by TRC Capital Corporation, a private Canadian investment company.
Because the offer is below the market price, the US Securities and Exchange Commission (SEC) says it could catch out unwary stock holders.
