Amd recommends rejection of below-market “mini-tender” offer from trc capital investment corporation

Santa clara, calif., dec. 19, 2023 (globe newswire) -- amd (nasdaq: amd) has been notified of a "mini-tender" offer by trc capital investment corporation (“trc capital”). pursuant to the offer, which is dated dec. 11, 2023, trc capital is offering to purchase up to 1 million shares of amd common stock, which represents approximately 0.06% of its outstanding shares. amd cautions its stockholders that trc capital's unsolicited "mini-tender" offer of $123.45 per share is approximately 4.24% below the $128.92 per share closing price of amd stock on dec. 8, 2023, the day before the "mini-tender" offer was commenced and approximately 11.12% below the $138.90 per share closing price of amd stock on dec. 18, 2023.
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