Flexible Electronics News

First Solar Recommends Stockholders Reject Mini-Tender Offer by TRC Capital Corp

Would purchase up to 2,000,000 shares, or approximately 2.3 percent

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By: DAVID SAVASTANO

Editor, Ink World Magazine

First Solar, Inc. 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% less than the $31.58 closing price of First Solar’s common stock on Jan. 22, 2013, the day before the mini-tender offer commenced. First Solar does not endorse TRC’s m...

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