By Chris Wack
TRC Capital Investment said Monday that based on current market conditions, it has amended the terms of its tender offer for up to 2 million shares of Emera, and has decreased the offer price payable to C$46.00 a share from C$48.88 a share.
TRC also announced that it has extended its offer until Oct. 31, unless it is further extended.
As of close of business on Friday, no shares had been tendered.
TRC said it has amended its tender offer materials to reflect the decreased offer price and other relevant changes.
Write to Chris Wack at [email protected]
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