Marsh & McLennan Companies Inc. warned shareholders againstaccepting a tender offer from TRC Capital that is below the stock'scurrent value.
The New York-based services firm, parent company of insurancebroker Marsh, said it was notified of an unsolicited “mini-tender”offer by TRC Capital Corporation to purchase up to three millionshares of its common stock, representing less than 1 percent ofMMC's outstanding shares.
Ontario, Canada-based TRC Capital has made many similarbelow-market mini-tender offers for other companies' shares for itsprofit
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