TRC Amends Its Tender Offer for Johnson & Johnson
17 April 2024 - 2:05PM
TRC Capital Investment Corporation (TRC) announced today that based
on current market conditions, TRC has amended the terms of its
tender offer for up to 1,000,000 common shares of Johnson &
Johnson (the Company) and has decreased the offer price payable to
US$142.88 per share from US$151.23 per share.
TRC also announced that its offer will still
expire at 12:01 a.m. New York City time on May 2, 2024, unless
further extended.
As of close of business on Tuesday, April 16,
2024, no shares had been tendered.
TRC will accept for payment and will pay for all
shares validly tendered prior to the expiration date and not
properly withdrawn in accordance with the terms of the offer. TRC
will not be required to accept for payment or pay for any shares
and may terminate the offer if certain conditions which, in the
reasonable judgment of TRC in any such case, makes it inadvisable
to proceed with the offer or with such acceptance for payment or
payment.
Stockholders of the Company who have already
tendered their shares and have not withdrawn such shares need not
take any additional action with respect to TRC’s amended tender
offer. These stockholders will receive the decreased offer price of
US$142.88 per share in TRC’s tender offer.
TRC has amended its tender offer materials to
reflect the decreased offer price and other relevant changes.
THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES
ONLY AND IS NOT AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO
SELL ANY SHARES. THE SOLICITATION AND THE OFFER TO BUY THE
COMPANY’S SHARES WILL ONLY BE MADE PURSUANT TO THE OFFER TO
PURCHASE AND RELATED MATERIALS, AS SUCH DOCUMENTS ARE SUPPLEMENTED
AND AMENDED. STOCKHOLDERS SHOULD READ THESE MATERIALS CAREFULLY
BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND
CONDITIONS OF THE OFFER. STOCKHOLDERS CAN OBTAIN A COPY OF THE
OFFER TO PURCHASE AND RELATED MATERIALS WITH RESPECT TO THE TENDER
OFFER BY CONTACTING THE INFORMATION AGENT FOR THE OFFER, CNRA
FINANCIAL SERVICES INC. AT (416) 861-9446.
TRC Capital Investment Corporation is a private
investment corporation that manages a diverse investment
portfolio.
For further information, contact:
Contact: |
Lorne H. Albaum, President |
Phone: |
(416) 304-1474 |