Sunday, October 04, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Buys Havok
Google Officially Becomes Alphabet
Microsoft Works On A Laptop Battery System That Adapts To Your Habits To Last Longer
Motorola Outlines Android Marshmallow Update Plans
AMD FirePro Graphics Powers New Dell Precision Mobile Workstations
Globalfoundries Said To Move To 10nm Development On Its Own
Nvidia Launches New Maxwell-based Quadro graphics For Mobile workstations
Microsoft Expands Licensing Agreements With Asus, I-O Data
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > Intel R...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, June 18, 2013
Intel Recommends Stockholders Reject TRC Capital's Tender Offer

Intel recently learned of an unsolicited "mini-tender offer" made by TRC Capital Corp. to Intel stockholders to purchase up to 4 million shares of Intel common stock at $23.75 per share. Intel says that TRC Capital's offer price is approximately 4.96 percent below the closing share price of Intel common stock on June 13, 2013 ($24.99), the day before the offer commenced, and the offer is for less than 1 percent of Intel's outstanding shares.

As a result, Intel does not endorse TRC Capital's mini-tender offer and recommends that Intel stockholders reject the offer and not tender their shares in response to the offer. This mini-tender offer is at a price below the market price for Intel shares (as of the date Intel received notice of the offer) and is subject to numerous conditions. TRC Capital's offer states that it may terminate or amend the offer if, among other things, the market price of Intel's stock declines, or if TRC Capital fails to obtain financing necessary to consummate the offer.

Intel urges investors to obtain current market quotations for their shares, consult with their broker or financial adviser, and exercise caution with respect to TRC Capital's offer. Intel stockholders who have already tendered their shares may withdraw their shares by providing notice in the manner described in the TRC Capital documents prior to the expiration of the offer, which is currently scheduled at 12:01 a.m. Eastern time on Tuesday, July 16, 2013, unless extended.

Because TRC Capital's mini-tender offer is for less than 5 percent of Intel's outstanding shares, it is not subject to many of the disclosure and procedural requirements of Securities and Exchange Commission (SEC) rules that are designed to protect investors. The SEC has cautioned investors about these offers, noting that they "have been increasingly used to catch investors off guard."

Toshiba Introduces New Canvio Slim II Portable External Hard Drive        All News        Nvidia To License Its Technology
Dell Committee Rejects Icahn's New Offer     General Computing News      Yahoo Had 13,000 Data Requests

Get RSS feed Easy Print E-Mail this Message

Related News
New Firmware For Intel 750 Series SSD MAkes Your PC Booy Up Faster
Intel Says New DC P3608 IS The Most Powerful Data Center SSD
Intel Establishes Automotive Security Review Board
Intel Unleashes Multi-Gigabit Performance With New Puma 7 Chip
Intel Media Server Studio 2016 Enables Faster Video Transcoding and Transition to HEVC and 4K
Intel Invests US$50 Million to Advance Quantum Computing
Intel Says New Skylake Processors Are The Best Ever Made
Intel Talks About Skylake At IDF
Intel Outlines Expanded RealSense And Optane Technologies At IDF
Intel To Bring Xeon Processors to Notebook PCs
Researcher Discovers Flaw in Intel Processors
Intel Teases With Skylake Processor Family and Z170 Express Chipset Debut

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .