Market Overview

First Solar Recommends Stockholders Reject $30 TRC Capital Tender Offer

First Solar (NASDAQ: FSLR) has been notified of an unsolicited
“mini-tender” offer by TRC Capital Corporation (TRC) to purchase up to
2,000,000 shares, or approximately 2.3 percent, of the outstanding First
Solar common stock at a price of $30.00 per share in cash. TRC's offer
price is approximately 5 percent less than the $31.58 closing price of
First Solar's common stock on January 22, 2013, the day before the
mini-tender offer commenced.

First Solar does not endorse TRC's mini-tender offer and recommends that
First Solar stockholders do not tender their shares in response to the
offer because it is a mini-tender offer at a price below the market
price for First Solar shares (as of the date First Solar received

See full press release

Posted-In: News Guidance Management M&A

 

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