Core Viewpoint - Centene Corporation received an unsolicited "mini-tender" offer from TRC Capital Investment Corporation to purchase up to 4 million shares at $24.75 per share, which is below the current market price [1][2] Group 1: Company Response - Centene recommends that stockholders reject TRC's offer and evaluate the current market price of their shares, advising consultation with financial advisors [2] - The company urges investors to be cautious with mini-tender offers, as they may lead to selling securities at below-market prices [2] Group 2: Offer Details - TRC's offer is set to expire on September 4th, 2025, and may be extended [1] - Investors who have already tendered their shares can withdraw them by providing written notice before the expiration of the offer [3] Group 3: Company Overview - Centene Corporation is a Fortune 500 company focused on providing integrated healthcare services, particularly to under-insured and uninsured individuals [4] - The company serves over 1 in 15 individuals in the U.S., including Medicaid and Medicare members, and offers affordable healthcare products [4]

Core Viewpoint - Public Service Enterprise Group (PSEG) has received an unsolicited mini-tender offer from TRC Capital Investment Corporation to purchase up to 1.5 million shares at $80.60 per share, which is below the current market price [1][2]. Group 1: Mini-Tender Offer Details - TRC Capital Investment's offer price of $80.60 is approximately 4.51% lower than PSEG's closing share price of $84.41 on July 21, 2025, and about 9.4% lower than the $88.97 closing price on August 1, 2025 [1]. - The offer represents approximately 0.3% of PSEG's outstanding shares as of the offer date [1]. - The offer is scheduled to expire at 12:00 a.m. Eastern Time on August 20, 2025, but TRC Capital Investment may extend the offering period at its discretion [2]. Group 2: PSEG's Position - PSEG is not associated with TRC Capital Investment and recommends that shareholders do not tender their shares due to the offer being below market price and subject to various conditions [2]. - Shareholders who have already tendered their shares can withdraw them at any time before the offer expires [2]. Group 3: Regulatory Context - Mini-tender offers, like the one from TRC Capital, seek to acquire less than 5% of a company's shares, allowing them to avoid many SEC disclosure and procedural requirements [3]. - The SEC has warned investors that some bidders may make mini-tender offers at below-market prices, hoping to catch investors off guard [4]. Group 4: Company Overview - PSEG operates New Jersey's largest transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers [6]. - The company owns a fleet of 3,758 MW of carbon-free, baseload nuclear power generating units in New Jersey and Pennsylvania [6]. - PSEG is a member of the S&P 500 Index and has been recognized in the Dow Jones Sustainability North America Index for 17 consecutive years [6].

Core Viewpoint - Teck Resources Limited has received an unsolicited mini-tender offer from TRC Capital Corporation to purchase up to 2.0 million Class B subordinate voting shares at a price of $47.80, which is a 4.46% discount to the closing price on May 20, 2025 [1][2]. Group 1: Mini-Tender Offer Details - The mini-tender offer represents approximately 0.41% of Teck's outstanding Class B subordinate voting shares as of May 23, 2025 [1]. - Teck advises shareholders not to tender their shares due to the below-market price of the offer and various conditions attached to TRC's offer [3][4]. - TRC's offer includes subjective conditions and is designed to avoid many investor protections applicable to larger tender offers [4]. Group 2: Shareholder Guidance - Teck does not endorse TRC's unsolicited offer and emphasizes that shareholders should exercise caution and consult financial advisors before making decisions [4]. - The Canadian Securities Administrators have raised concerns about mini-tender offers, warning that investors might misunderstand the terms and pricing relative to market conditions [5]. - Shareholders who have tendered their shares can withdraw them before June 18, 2025, by following the procedures outlined in TRC's offer documents [7]. Group 3: Company Overview - Teck is a leading Canadian resource company focused on providing essential metals for economic development and energy transition, with operations in North and South America [11]. - The company is committed to responsible growth and stakeholder trust, with a strong portfolio in copper and zinc operations [11].

Core Points - TRC Capital Investment Corporation has made an unsolicited "mini-tender" offer to purchase up to 4 million shares of AT&T common stock at a price of $26.38 per share, expiring on June 3, 2025, unless extended [1] - AT&T advises shareholders to reject this offer as it is below the current trading price of its common stock and warns that TRC may extend the offer and delay payment [2] - The SEC has issued an alert regarding mini-tender offers, indicating that they can catch investors off guard and may lead to selling securities at below-market prices [3] Company Information - AT&T serves over 100 million U.S. families and nearly 2.5 million businesses, providing services from traditional phone calls to advanced 5G wireless and multi-gig internet offerings [5]