Jan 13 (Reuters) - Barrick Gold (ABX.TO) , opens new tab on Monday recommended that its shareholders reject an unsolicited offer by TRC Capital Investment to buy about 0.29% of the miner's common stock.

The gold miner said it had received notice of an unsolicited mini-tender offer made by TRC Capital to purchase up to 5 million of Barrick's common shares, adding that it was at a below-market price of C$21.35 apiece.

TRC Capital has made several similar unsolicited mini-tender offers for shares of other public companies including Occidental Petroleum (OXY.N) , opens new tab and Johnson & Johnson (JNJ.N) , opens new tab.

A mini tender is an offer to purchase no more than 5% of a company's shares.

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https://www.reuters.com/markets/commodities/barrick-gold-recommends-shareholders-reject-mini-tender-offer-by-trc-capital-2025-01-13/