05:03 AM EST, 01/15/2025 (MT Newswires) -- Celanese (CE) said late Tuesday it learned of an unsolicited mini-tender offer from TRC Capital to buy up to 1.5 million shares at $65.50 each in cash.

The company said the offer is lower than its Dec. 13 closing price of $68.58.

Celanese does not approve of the offer and recommends shareholders decline or withdraw tendered shares before the Thursday expiration.

Celanese noted the offer is subject to conditions, including a requirement that its share price does not drop more than 5% from the Dec. 13 close.