Jan 14 (Reuters) - Celanese recommended on Tuesday that shareholders of the

specialty chemicals maker reject an unsolicited "mini-tender" offer from TRC Capital Investment

to buy 1.5 million shares of its common stock.

The company said the offer was priced at $65.50 per share, about 4.5% lower than the closing

price on Dec. 13, 2024, when TRC Capital commenced the mini-tender offer.

A mini tender is an offer to purchase no more than 5% of a company's shares.

Celanese asked shareholders not to tender their shares and that they withdraw their shares

if they had already tendered them.

TRC Capital has made similar unsolicited mini-tender offers for several other publicly

listed companies, including Occidental Petroleum ( OXY ), Johnson & Johnson ( JNJ ) and, most

recently, Barrick Gold ( GOLD ).

Shares of the chemicals maker were up 1.1% after the bell.