Green Touch Builders | AEP: Don’t fall for lowball tender offer
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April 13, 2015 By SEO Admin

AEP: Don’t fall for lowball tender offer

American Electric Power Company Inc. has taken an unusual step urging shareholders to reject a share buyback offer.

Canadian private investment firm TRC Capital is trying to buy a small percentage – 0.41 percent – of AEP’s (NYSE:AEP) outstanding shares, but the company recommended shareholders reject the so-called mini-tender offer.

TRC Capital Corp. wants to buy up to 2 million shares of AEP stock, but its offer is less than the market price. AEP wants shareholders to know about the proposal…