Lam does not endorse TRC Capital’s offer and furthermore, recommends that stockholders reject the offer and not tender their shares in response because the offer is at a price below the current market price for Lam shares and is subject to many conditions. TRC Capital’s offer price is approximately 4.36 percent below the closing share price of Lam common stock on
TRC Capital’s offer states that it may terminate or amend the offer if, among other things, the market price of Lam stock declines, or if
Lam is not associated with
Lam encourages investors to consult with their broker or financial adviser and exercise caution with respect to TRC Capital’s offer. Lam stockholders who have already tendered their shares may withdraw by providing notice in the manner described in the
TRC has made many similar mini-tender offers for shares of many other public companies.
Lam encourages brokers and dealers, as well as other market participants, to review the SEC’s letter regarding broker-dealer mini-tender offer dissemination and disclosures at www.sec.gov/divisions/marketreg/minitenders/sia072401.htm.
Lam requests that a copy of this news release be included with all distributions of materials relating to TRC Capital’s mini-tender offer.
Company Contacts:
Ram Ganesh
Investor Relations
(510) 572 – 1615
Email: investor.relations@lamresearch.com
Source: Lam Research Corporation
Source: Lam Research Corporation