Wednesday, December 07, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple In Talks With Hollywood For Early Movie Rental
Bluetooth 5 Technology Brings Advancements In Terms Of Range, Speed And Capacity
Global Virtual Reality Association Established To Promote VR
Fitbit Acquired Assets from Pebble
GIGABYTE Announces Xtreme Gaming Peripherals, Including A Gaming Chair
Scythe Releases Improved Mugen 5 CPU Cooler Armed With Kaze Flex 120 Fan
Qualcomm Begins Sampling The 48- Core, 10nm Centriq 2400 Server Processor Family
Could Future Intel Chips Have AMD Graphics Inside?
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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."


Previous
Next
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
Could Future Intel Chips Have AMD Graphics Inside?
Uber Creates AI Lab With Geometric Intelligence Acquisition
Intel Extreme Masters Season 11 World Championship Returns to Katowice, Poland
Intel Teams Up With Delphi and Mobileye for Self-Driving Cars
Go Master Cho Wins Final Game Against DeepZenGo AI Platform
Intel Unveils Strategy for Artificial Intelligence
Intel Prepares its AI Strategy, Announces New Xeon Chips And An FPGA Card
GE Buts Artificial Intelligence Startups
Intel Could Add Wi-Fi and USB 3.1 Support In Future Chipsets
Facebook Turns To AI To Offer New Experiences
Intel Announces Drone Designed For Light Shows
Intel to Buy VR Startup VOKE

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .