07:54 AM EDT, 06/07/2024 (MT Newswires) -- Solventum ( SOLV ) said Friday it does not endorse TRC Capital Investment's mini-tender offer and cautioned stockholders to monitor the stock price and any changes to the offer price as well as review the terms of the tender offer.

The company said TRC Capital Investment made an unsolicited offer to buy up to 2 million shares of Solventum's ( SOLV ) stock at a reduced price of $55 per share, lower than the stock's closing price Thursday of $55.05 per share. The offer is set to expire on June 20.

Solventum ( SOLV ) said it is not affiliated or associated with TRC Capital and its mini-tender offer.

TRC Capital could not be immediately reached for comment.

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