Microsoft has issued a statement regarding TRC Capital’s unsolicited “mini-tender” offer to buy 300,000 shares of its stock at $391 each. The tech giant clarifies that it is not affiliated with TRC and does not endorse the offer, urging shareholders to consult their financial advisors before making decisions. The offer expires on March 24, 2025.
Microsoft Responds to TRC Capital’s Mini-Tender Offer
On March 17, 2025, Microsoft Corp. announced its response to an unsolicited “mini-tender” offer from TRC Capital Investment Corporation. This offer, dated February 21, 2025, aims to purchase up to 300,000 shares of Microsoft’s common stock at $3900 per share. However, this represents less than 0.01% of Microsoft’s outstanding shares.
What’s New?
Microsoft has made it clear that it is not affiliated with TRC Capital and does not endorse the offer. In a statement, the tech giant expressed:
“Microsoft expresses no opinion and is neutral on TRC’s offer.”
Shareholders are encouraged to seek current market quotations and consult with financial advisors before making any decisions regarding the offer.
Major Updates on the Offer
The mini-tender offer is scheduled to expire at 11:59 p.m. on March 24, 2025. TRC may extend or terminate the offer before this expiration date. Unlike larger tender offers, mini-tender offers are not subject to the same disclosure requirements mandated by the U.S. Securities and Exchange Commission (SEC). This lack of oversight raises concerns about investor protections.
Microsoft has urged shareholders to exercise caution regarding TRC’s offer. The SEC has previously issued warnings about mini-tender offers, advising investors to be vigilant. More information can be found on the SEC’s official website.
What’s Important to Know?
TRC Capital has a history of making similar mini-tender offers for shares of various companies. These offers can be enticing but often lack the transparency and protections that larger offers provide. Therefore, it’s crucial for investors to be well-informed.
Microsoft remains focused on its mission to empower individuals and organizations through innovative technology. The company continues to create platforms and tools powered by AI, ensuring responsible and broad access to these solutions.
For any inquiries, Microsoft’s Investor Relations can be reached at (425) 706-4400, while media inquiries should be directed to WE Communications at (425) 638-7777.
Stay updated with Microsoft’s latest news and perspectives by visiting the Microsoft Source.
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