Target Cautions Shareholders Regarding TRC Capital's "Mini-Tender" Offer

Core Viewpoint - Target Corporation has received an unsolicited mini-tender offer from TRC Capital Corporation to purchase up to 1,500,000 shares at $89.00 per share, representing approximately 0.33% of its outstanding shares [1]. Group 1: Mini-Tender Offer Details - The mini-tender offer is not endorsed by Target and the company is not affiliated with TRC Capital [2]. - Target has expressed no opinion on the offer and advises shareholders to consult with brokers or financial advisors and review the offer's terms [3]. - The offer is set to expire on October 6, 2025, at 11:59 p.m. Eastern Time [3]. Group 2: Investor Caution - TRC Capital has a history of making similar unsolicited mini-tender offers for other public companies, which often seek less than five percent of a company's outstanding shares to avoid certain investor protections [4]. - The U.S. Securities and Exchange Commission (SEC) has warned investors about mini-tender offers, indicating that some may be made at below-market prices [4]. - Target encourages market participants to review SEC guidance regarding mini-tender offers and to exercise caution [5]. Group 3: Company Background - Target Corporation operates nearly 2,000 stores and offers services through Target.com, aiming to help families enjoy everyday life [7]. - The company has a long-standing commitment to community support, donating 5% of its profits, which amounts to millions of dollars weekly [7].