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ConocoPhillips Recommends Rejection of Below-Market Mini-Tender Offer by Baker Mills LLC
The offer price of $54.00 per share is approximately 17.9 percent lower than the $65.79 closing share price of ConocoPhillips common stock on the New York Stock Exchange on April 20, 2018, the last trading day prior to the offer date. Mini-tender offers, such as this one, seek to acquire less than 5 percent of a company’ s shares outstanding, thereby avoiding many...
The offer price of $54.00 per share is approximately 17.9 percent lower than the $65.79 closing share price of ConocoPhillips common stock on the New York Stock Exchange on April 20, 2018, the last trading day prior to the offer date. Mini-tender offers, such as this one, seek to acquire less than 5 percent of a company’ s shares outstanding, thereby avoiding many...