ExxonMobil Warns Shareholders of Unsolicited Mini-Tender Offer

Strategic Insights -

ExxonMobil Corporation, one of the largest publicly traded international energy and petrochemical companies, has received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation to purchase up to 1 million shares of ExxonMobil common stock. The offer price of $100 per share is 4.1% below the closing price on June 6, 2025, on the New York Stock Exchange, and more than 10% below the closing price yesterday. ExxonMobil urges investors to exercise caution and recommends that shareholders do not tender their shares in response to TRC's offer.

Key Takeaways:

  • The unsolicited mini-tender offer by TRC Capital Investment Corporation seeks to purchase up to 1 million shares of ExxonMobil common stock, representing approximately 0.023 percent of the shares outstanding as of June 9, 2025.
  • The offer price of $100 per share is 4.1% below the closing price on June 6, 2025, and more than 10% below the closing price yesterday.
  • ExxonMobil is not affiliated or associated with TRC, its mini-tender offer, or the offer documentation.
  • Mini-tender offers seek to acquire less than 5 percent of a company's shares outstanding, thereby avoiding many disclosure and procedural requirements of the U.S. Securities and Exchange Commission (SEC).
  • Investors are cautioned that mini-tender offers do not provide the same level of protections as larger tender offers under U.S. securities laws.
  • Shareholders who have not responded to TRC's offer are advised to take no action.
  • Shareholders who have already tendered their shares may withdraw them at any time prior to the expiration of the offer.

Statistics:

  • 1 million shares of ExxonMobil common stock sought by TRC Capital Investment Corporation
  • 0.023 percent of ExxonMobil shares outstanding as of June 9, 2025
  • $100 per share offer price, 4.1% below the closing price on June 6, 2025
  • More than 10% below the closing price yesterday
  • U.S. Securities and Exchange Commission (SEC) guidelines on mini-tender offers available at [www.sec.gov/reportspubs/investor-publications/investorpubsminitendhtm.html](http://www.sec.gov/reportspubs/investor-publications/investorpubsminitendhtm.html)
  • SEC's letter regarding broker-dealer mini-tender offer dissemination and disclosure available at [www.sec.gov/divisions/marketreg/minitenders/sia072401.htm](http://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm)

Sources:

  • ExxonMobil Corporation, Business Wire, June 18, 2025
  • U.S. Securities and Exchange Commission (SEC), investor-publications/investorpubsminitendhtm.html
  • SEC, divisions/marketreg/minitenders/sia072401.htm