NextEra Urges Rejection Of TRC Capital's Mini-Tender Offer - Quick Facts

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

According to NextEra, 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 January 29 of $88.77, the day before the offer commenced. On January 31, the closing price of NextEra Energy common stock was $91.93.

NextEra Energy 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.

NextEra Energy's recommendation is based upon the fact that this mini-tender offer is at a price below the market price for NextEra Energy shares and is subject to numerous conditions.

In addition, mini-tender offers such as this one avoid many of the investor protections afforded for larger tender offers, including the filing of disclosure and other tender offer documents with the Securities and Exchange Commission (SEC).