Fastenal Company (NASDAQ:FAST) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Disclosure.
On May1, 2018, Fastenal Company ('Fastenal') issued a news release announcing that it has been notified of an unsolicited 'mini‑tender offer' by TRC Capital Corporation ('TRC') to purchase up to 2,000,000 shares of Fastenal's outstanding common stock. Fastenal does not endorse TRC's mini-tender offer and recommends that shareholders reject the offer. The news release is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
INDEX TO EXHIBITS
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Exhibit Number |
Description of Document |
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99.1 |
Press Release dated May 1, 2018
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FASTENAL CO ExhibitEX-99.1 2 ex_991rejectionofunsolicit.htm PRESS RELEASE Exhibit EXHIBIT 99.1Fastenal Company Recommends Rejection of Below-Market-Price Mini-Tender Offer by TRC Capital CorporationWINONA,…To view the full exhibit click here
About Fastenal Company (NASDAQ:FAST)
Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company distributes these supplies through a network of approximately 2,600 Company-owned stores. The Company sells industrial and construction supplies to end users (business-to-business), and also has a walk-in retail business. The Company operates approximately 10 distribution centers in North America. The Company’s original product offerings were fasteners and other industrial and construction supplies, many of which are sold under the Fastenal product name. The Company’s product line consists of approximately two categories, including threaded fasteners, such as bolts, nuts, screws, studs and related washers, and miscellaneous supplies and hardware, such as various pins and machinery keys, concrete anchors, metal framing systems, wire rope, strut, rivets and related accessories. Its customers are in the manufacturing and non-residential construction markets.