04:24 PM EDT, 03/10/2025 (MT Newswires) -- Sagicor Financial Co. ( SGCFF ) said Monday afternoon that it has been notified about an unsolicited mini-tender offer by New York Stock and Bond LLC to buy up to 100,000 Sagicor common shares, or less than 0.075% of the shares outstanding, at US$4.30 per share.

Sagicor noted the offer is about 24% lower than the closing price of Sagicor shares on Feb. 13, and 14% lower than the price on Friday. Sagicor shares are not traded on a US stock exchange.

"Sagicor is in no way associated with New York Stock and Bond and does not recommend or endorse acceptance of this unsolicited offer," Monday's statement said.

SFC was down $0.13 or 1.8% at C$7 on the TSX.