TRC Reduces Offer for EMC Corporation to $12.20 Per Share.TORONTO -- TRC TRC Noun (in South Africa) Truth and Reconciliation Commission: a commission which encourages people who committed human rights abuses or acts of terror during the apartheid era to reveal the truth about their crimes in return for immunity from prosecution Capital Corporation (TRC) announced today that is has reduced its cash offer for up to 10,000,000 outstanding shares of EMC Corporation (NYSE NYSE See: New York Stock Exchange :EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. ) common stock to $12.20 per share from $12.75 per share. TRC also announced that it has extended its offer until 12:01 a.m. New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time on March 31, 2005, unless further extended. At this time, EMC shareowners had tendered and not withdrawn approximately 2,916 shares pursuant to TRC's tender offer. TRC will accept for payment and will pay for all shares validly tendered prior to the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. and not properly withdrawn in accordance with the terms of the offer promptly after the expiration date. 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. Notwithstanding, the conditions will be waived or satisfied on or before the expiration date. Investors and security holders are strongly advised to read the definitive Offer to Purchase because it contains important information. Investors can obtain a free copy of the Offer to Purchase from the Information Agent, CNRA CNRA Centre National de Recherche Agronomique (French) CNRA Conseil National des Radios Associatives (Spanish) CNRA California North Referee Administration CNRA Committee on Nuclear Regulatory Activities Financial Services Inc., by calling (416) 861-9446. TRC Capital Corporation is a private investment corporation that manages a diverse investment portfolio focusing on manufacturing, health care and basic industries. |
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