AMD Recommends Rejection of Below-Market “Mini-Tender” Offer from TRC Capital Investment Corporation

SANTA CLARA, Calif., Dec. 19, 2023 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD) has been notified of a “mini-tender” offer by TRC Capital Investment Corporation (“TRC Capital”). Pursuant to the offer, which is dated Dec. 11, 2023, TRC Capital is offering to purchase up to 1 million shares of AMD common stock, which represents approximately 0.06% of its outstanding shares. AMD cautions its stockholders that TRC Capital’s unsolicited “mini-tender” offer of $123.45 per share is approximately 4.24% below the $128.92 per share closing price of AMD stock on Dec. 8, 2023, the day before the “mini-tender” offer was commenced and approximately 11.12% below the $138.90 per share closing price of AMD stock on Dec. 18, 2023.

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