Today's Hard|Forum Post
Today's Hard|Forum Post

Thursday June 09, 2016

Western Digital Recommends Shareholders Reject "Mini-tender Offer"

Western Digitalآ® Corporation ("Western Digital" or the "Company") today announced that it has received notice of an unsolicited "mini-tender offer" by TRC Capital Corporation to purchase up to 2,500,000 shares, or approximately 0.89 percent of Western Digital's outstanding shares of common stock as of the date of the offer. TRC Capital's offer price is $42.95, 4.53 percent lower than the closing price of Western Digital's shares on May 27, 2016, the first business day prior to the date of the offer.

Western Digital recommends that stockholders do not tender their shares in response to TRC Capital's offer because the offer is at a price below the current market price for Western Digital's shares and subject to numerous conditions. Western Digital is not affiliated or associated in any way with TRC Capital, its mini-tender offer or the offer documentation. Western Digital urges stockholders to obtain current market quotations for their shares, review the conditions to the offer, consult with their broker or financial adviser, and exercise caution with respect to TRC Capital's offer.

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