News Highlights: Microchip Technology Recommends Shareholders to Reject TRC Capital’s “Mini Tender Offer” Nasdaq: MCHP
CHANDLER, Ariz., Feb 22, 2021 (GLOBE NEWSWIRE) – (NASDAQ: MCHP) – Microchip Technology Incorporated recently learned of an unsolicited “mini-offer” made by TRC Capital Investment Corp. to Microchip shareholders to purchase up to 1 million of Microchip common stock at $ 152.00 per share. TRC Capital’s offer price is approximately 4.73 percent below the closing price of Microchip common stock on February 12, 2021 ($ 159.55), the day before the offer began, and approximately 6.38 percent below the closing price of the common stock Microchip on February 19, 2021. ($ 162.35), the day prior to this release. The offer is for less than 0.5% of Microchip’s …
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