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NEW BRIGHTON, Minn. - APi Group Corporation (NYSE:APG), a $14.3 billion market cap company currently trading at $34.41 per share, has issued a warning to shareholders regarding an unsolicited mini-tender offer from TRC Capital Investment Corporation seeking to purchase up to 3 million shares of APi common stock at $33.40 per share.
The company emphasized it is not associated with TRC Capital or its offer and recommends shareholders reject the proposal, noting the offer price falls below current market value for APi shares and includes numerous conditions. According to InvestingPro data, APi Group has demonstrated remarkable strength with a 61% return over the past year and maintains a "GOOD" overall financial health rating.
APi advised shareholders who have not responded to take no action and recommended those who have already tendered shares to withdraw them by providing written notice as described in the offering documentation before the offer expires.
Mini-tender offers target less than 5 percent of a company’s outstanding shares, allowing them to avoid many disclosure and procedural requirements established by the U.S. Securities and Exchange Commission that would apply to larger tender offers.
The SEC has previously cautioned investors about mini-tender offers made at below-market prices, warning that some bidders hope to catch investors unprepared if they fail to compare the offer price to current market rates.
APi Group urged investors to obtain current market quotations, consult with their brokers or financial advisors, and exercise caution regarding TRC Capital’s offer.
The company, which provides fire and life safety, security, elevator and escalator, and specialty services globally, shared this information in a press release statement.
In other recent news, APi Group Corporation has reported its second-quarter 2025 earnings, surpassing Wall Street expectations. The company achieved an adjusted diluted earnings per share of $0.39, above the forecasted $0.37, while revenues reached $2 billion, marking a 15% increase from the previous year and exceeding the expected $1.9 billion. RBC Capital has raised its price target for APi Group to $40, maintaining an Outperform rating, citing expectations for the company to deliver third-quarter results in the upper half of revenue guidance. UBS also reiterated its Buy rating with a $42 price target, anticipating third-quarter revenue and EBITDA figures to align with consensus estimates. However, UBS noted slightly lower organic growth expectations due to tougher comparisons in the Specialty segment, which are offset by contributions from mergers and acquisitions. Truist Securities has maintained its Buy rating with a $41 price target following site visits and meetings with APi Group’s management. These developments reflect a positive outlook from analysts on APi Group’s financial performance and strategic initiatives.
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