PSEG recommends shareholders reject "mini-tender" offer by TRC Capital Investment Corporation
1. TRC Capital submitted a mini-tender offer for PSEG shares at $80.60. 2. The offer price is 4.51% lower than the last trading price of $84.41. 3. PSEG recommends shareholders not to tender their shares in response to the offer. 4. TRC Capital's offer seeks to acquire only 0.3% of outstanding shares. 5. PSEG urges caution due to lack of investor protections with mini-tender offers.