04:55 PM EDT, 05/10/2024 (MT Newswires) -- GE Vernova ( GEV ) on Friday recommended shareholders reject TRC Capital Investment's unsolicited mini-tender offer due to its below-market price.

TRC Capital offered to buy 1 million shares of GE Vernova ( GEV ), representing about 0.4% of shares outstanding, at $155 apiece in cash. The offer price is about 7.4% below GE Vernova's ( GEV ) $167.36 closing price per share on Tuesday, the company said.

GE Vernova ( GEV ) said it is not affiliated or associated with TRC Capital.