Strome Business Minute With Dr. Jeff Tanner

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. If you own Dollar Tree stock, you don’t have to sell, though you may have gotten an offer from TRC Capital Investment at $89.88 per share, more than 4 percent below market value when the offer was made. They made a mini-tender offer, any offer for less than five percent of the outstanding shares of a company. It doesn’t mean that TRC wants to acquire all of Dollar Tree and there is no relationship between the two companies. So why do it? Sometimes, buyers want to catch shareholders off guard or create concern that the stock may fall and make a quick buck when shareholders sell at the offered price but if you have Dollar Tree, you don’t have to sell your stock. To find out more, visit odu.edu/business. This Strome Business Minute is presented by the Strome College of Business at Old Dominion University.