NextEra Energy Recommends Rejection Of TRC Capital Mini-Tender Offer

(RTTNews) - NextEra Energy, Inc. (NEE) said Friday that it has received notification of an unsolicited "mini-tender offer" by TRC Capital Corpo. to acquire up to two million shares of NextEra Energy common stock, representing less than one half of one percent of the company's outstanding shares.

TRC's offer price of $85.00 per share in cash represents about a 4.25 percent discount below NextEra Energy's closing price on the New York Stock Exchange on Jan. 29 of $88.77, the day before the offer commenced. On Jan. 31, the closing price of NextEra Energy common stock was $91.93.

NextEra Energy said it does not endorse TRC Capital's mini-tender offer and recommends that NextEra Energy shareholders reject the offer and not tender their shares in response to the offer.