Tahoe Resources Recommends Shareholders Reject TRC Capital's "Mini-Tender" Offer
TAHOE RESOURCES (TAHO)
Last tahoe resources earnings: 11/6 04:05 pm
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US:NYSE Investor Relations:
tahoeresources.com/investor-relations
Company Research
Source: PR Newswire
VANCOUVER, British Columbia, Oct.10, 2016 /PRNewswire/ -- Tahoe Resources Inc. ("Tahoe" or the "Company") (TSX: THO, NYSE: TAHO) has been notified of an unsolicited "mini-tender" offer made by TRC Capital Corporation ("TRC Capital") to purchase up to 5,000,000 Tahoe common shares, or approximately 1.61% of the common shares outstanding, at a price of CAD$14.35 per share in cash. Tahoe does not endorse this unsolicited mini-tender offer and recommends that shareholders do not tender their shares in response to the offer.Tahoe cautions shareholders that the mini-tender offer has been made at a price below market, representing discounts of 4.59% and 4.32% to the closing prices of Tahoe's common shares on the Toronto Stock Exchange and New York Stock Exchange, respectively, on October 5, 2016, the last trading day before the mini-tender offer was commenced. In addition, the offer is subject to a number of conditions. For example, TRC Capital's offer states that it may terminate the offer
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