Nutrien Shares Slide as TRC Capital Ends Tender Offer for Shares
Provided by
Dow Jones
By Adriano Marchese
Shares of Canadian fertilizer company Nutrien were down Thursday morning after TRC Capital Investment said it has terminated its cash tender offer to purchase 1 million of its common shares.
TRC Capital said the offer was subject to a condition of a market price condition that wasn't satisfied, and TRC said it will return all validly tendered shares to their respective holders.
At Wednesday's closing price of 84.67 Canadian dollars ($63.32), the shares would have been worth about C$84.7 million.
Shares were down 2.9% at C$82.24 at 9:33 a.m. ET.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
May 11, 2023 09:51 ET (13:51 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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