Amrize recommends shareholders reject mini-tender offer from TRC Capital

Amrize (AMRZ) has received a notice of an unsolicited “mini-tender” offer by TRC Capital Investment, or TRC, to purchase up to 2M ordinary shares, 1c par value per share of Amrize at a price of $49.63 per Ordinary Share in cash. The offer represents less than 1.0% of the outstanding Ordinary Shares. TRC’s offer price is 4.48% less than the $51.96 closing price per Ordinary Share on August 26. Amrize does not endorse TRC’s unsolicited mini-tender offer and recommends that Amrize shareholders do not tender their Ordinary Shares in the offer because the offer is at a price below the current market price for the Ordinary Shares.