Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

First Solar Urges Shareholders to Reject TRC’s $30 Tender Offer

Jan. 25 (Bloomberg) -- First Solar Inc., the biggest maker of thin-film solar products, is urging shareholders to reject an offer by TRC Capital Corp. to buy 2 million shares for $30 each.

First Solar shares traded above the offering price the day before the mini-tender was made, which would result in TRC gaining about 2.3 percent of the shares outstanding, the Tempe, Arizona-based company said today in a statement.

“TRC has made many similar mini-tender offers for shares of other companies,” First Solar said in the statement. “Mini-tender offers are designed to seek to acquire less than 5 percent of a company’s outstanding shares, thereby avoiding many disclosure and procedural requirements of the Securities and Exchange Commission. As a result, mini-tender offers do not provide investors with the same level of protections as provided by larger tender offers.”

To contact the reporter on this story: Christopher Martin in New York at

To contact the editor responsible for this story: Reed Landberg at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.