Drugs, in the majority of circumstances, have 3 types of names: chemical names, the most important of which is the IUPAC name; generic or nonproprietary names, the most important of which are the International Nonproprietary Names (INNs); and trade names, which are brand names.
Targeted. TRC Capital, based in Toronto, is a private investment firm, founded and led by its CEO Lorne Albaum, a âsecurities lawyerâ who runs the eponymous legal firm Albaum & Associates.lthough TRC isnât the only firm making such âmini-tendersâ it's undoubtedly the most prolix practitioner. In essence, what it does is offer to buy securities (stocks or shares) in a company which always amounts to less than 5% of the company's total equity.
TRCâs trademark strategy is to launch an unsolicited âmini-tenderâ offering to buy a small percentage of a companyâs stock BELOW the market price. TRC then sells any shares tendered and pockets the difference.If the share price sinks below the offer price, TRC can walk away.urely, yes. But thereâs nothing inherently illegal about what TRC is doing. Its offers are always for less than 5 percent of companiesâ common stock. That means theyâre exempt from following Section 14(d) of the Securities Exchange Act of 1934, and are only subject to anti-fraud rules under Regulation 14E.