From ciciagt on revlis board
Qualcomm recommends rejection of below-market mini-tender offer by TRC Capital
Theflyonthewall.com – 55 minutes ago
Companies:
QUALCOMM Incorporated
Symbol Price Change
QCOM 59.56 0.00
Qualcomm has been notified of an unsolicited "mini-tender" offer by TRC Capital Corp. to purchase up to 2M shares, or approximately 0.12%, of Qualcomm's outstanding common stock at a price of $55.00 per share in cash. TRC's offer price is approximately 4.5% below the $57.59 closing price of Qualcomm common stock on Jan. 18, the day before the offer commenced. The offer is subject to various conditions, including TRC's ability to obtain sufficient financing necessary to fund its financial obligations arising from the offer. Qualcomm does not endorse TRC's mini-tender offer and recommends that Qualcomm stockholders do not tender their shares since the offer is below the current market price for Qualcomm shares
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