Key Points:
• Microsoft has received an unsolicited mini-tender offer from TRC Capital Investment Corporation to purchase up to 300,000 shares of Microsoft’s common stock at $391.00 per share.
• TRC’s offer is not affiliated with Microsoft, and the company does not endorse the offer or its documentation. Microsoft encourages shareholders to exercise caution and consult with their brokers or financial advisors before making a decision.
• The offer is scheduled to expire on March 24, 2025, at 11:59 p.m. New York City time, and TRC may choose to extend or terminate the offer before that date.
Microsoft, the technology giant, has recently received an unsolicited mini-tender offer from TRC Capital Investment Corporation to purchase up to 300,000 shares of its common stock at a price of $391.00 per share. The offer, made on February 21, 2025, represents less than 0.01% of Microsoft’s outstanding common stock. However, investors are advised to exercise caution and seek professional advice before making a decision.
What is a mini-tender offer?
A mini-tender offer, as the name suggests, is a smaller offer for less than 5% of a company’s shares. Unlike larger tender offers, mini-tender offers are not subject to the same level of disclosure and procedural requirements set by the U.S. Securities and Exchange Commission. As a result, investors may not have the same level of protections.
The SEC has cautioned investors about mini-tender offers, providing guidance on how to approach these types of offers. Microsoft is urging shareholders to obtain current market quotations for their shares, consult with their brokers or financial advisors, and review the terms and conditions of the offer.
It’s worth noting that TRC has made similar mini-tender offers for shares of other companies in the past. Microsoft has emphasized that it is not affiliated with TRC and does not endorse the offer or its documentation. The company requests that a copy of this news release be included with all distributions of materials relating to TRC’s mini-tender offer.
As a global technology leader, Microsoft is committed to making AI available to everyone, while using it responsibly to empower people and organizations to achieve more. The company’s mission is to make AI accessible to everyone, and it continues to develop innovative solutions that meet the evolving needs of its customers.
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