REDMOND,
Wash., March 17, 2025 /PRNewswire/
-- Microsoft Corp. has received notice of an unsolicited
"mini-tender" offer by TRC Capital Investment Corporation (TRC)
dated Feb.21, 2025, to purchase up to 300,000 shares of Microsoft's
common stock at a price of $391.00
per share in cash. The offer represents less than 0.01% of
Microsoft's outstanding common stock.
Microsoft is not affiliated with TRC and does not endorse the
offer documentation or the offer itself. Microsoft expresses no
opinion and is neutral on TRC's offer and encourages shareholders
to obtain current market quotations for their shares of Microsoft
common stock consult with their brokers or financial advisors, to
review the terms and conditions of the offer, to consider any
changes TRC may make to the terms (including pricing) and
conditions, and to exercise caution with respect to TRC's offer.
TRC's offer is currently scheduled to expire one minute after
11:59 p.m., New York City time, on March 24, 2025. TRC may extend the offer, or
subject to the conditions of the offer, terminate it, before the
expiration date.
TRC has made many similar mini-tender offers for shares of other
companies. A mini-tender offer is an offer for less than 5% of a
company's shares. It is not subject to the disclosure and
procedural requirements required by the U.S. Securities and
Exchange Commission (SEC) for larger tender offers. As a result,
mini-tender offers do not provide investors with the same level of
protections as provided for larger tender offers under U.S.
securities laws. The SEC has cautioned investors about
mini-tender offers, providing guidance to investors
at https://www.sec.gov/about/reports-publications/investorpubsminitend.
Microsoft requests that a copy of this news release be included
with all distributions of materials relating to TRC's mini-tender
offer.
Microsoft (Nasdaq "MSFT" @microsoft) creates platforms and tools
powered by AI to deliver innovative solutions that meet the
evolving needs of our customers. The technology company is
committed to making AI available broadly and doing so responsibly,
with a mission to empower every person and every organization on
the planet to achieve more.
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SOURCE Microsoft Corp.
