Financial Wire

Procter & Gamble Advises Shareholders to Reject Potemkin Mini-Tender Offer

-- Procter & Gamble (PG) said Thursday it has it been notified of an unsolicited mini-tender offer from Potemkin to buy up to 100,000 shares of the company at $100 each.

The company said this is the second such offer in the last few weeks and recommends that shareholders do not accept it, saying the offer is below the market price, comes with conditions, and is not endorsed by the company.

Procter & Gamble shares were little changed at around $143.35 in trading on Thursday.

Price: $143.52, Change: $+0.14, Percent Change: +0.10%

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