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FPL Group Recommends Rejection of Mini-Tender Offer by TRC Capital Corporation (Centre Daily Times)
FPL Group, Inc. (NYSE:FPL) today said it has received notification of an unsolicited "mini-tender offer" by TRC Capital Corporation to acquire up to 2 million shares of FPL Group common stock, representing less than one half of 1 percent of FPL Group's outstanding shares. TRC's offer price of $58 per share in cash represented, as TRC Capital's own offer document acknowledges, approximately a ...
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