Monday, February 4, 2019

NVIDIA Responds to TRC Capital’s ‘Mini-Tender’ Offer

NVIDIA has received notice of an unsolicited “mini-tender” offer by TRC Capital Corporation (TRC) dated Jan. 21, 2019, to purchase up to 1,000,000 shares of NVIDIA’s common stock at a price of $149.88 per share in cash. The offer is for approximately 0.16 percent of NVIDIA’s outstanding common stock. TRC’s offer is subject to a financing condition, among others. By its terms, TRC’s mini-tender offer is set to expire at 12:01 a.m., New York City time, on Feb. 20, 2019, but TRC may extend the offer, or terminate it, before the expiration date.

NVIDIA is not affiliated with TRC and does not endorse the offer documentation or the offer itself. NVIDIA expresses no opinion and is neutral on TRC’s offer and encourages shareholders to obtain current market quotations for their shares of NVIDIA common stock, consult with their brokers or financial advisors, and exercise caution with respect to TRC’s offer.