Tahoe Resources urges shareholders to reject TRC Capital's 'mini-tender' offer
Tahoe Resources has been notified of an unsolicited "mini-tender" offer made by TRC Capital Corporation to purchase up to 5M Tahoe common shares, or approximately 1.61% of the common shares outstanding, at a price of C$14.35 per share in cash. Tahoe does not endorse this unsolicited mini-tender offer and recommends that shareholders do not tender their shares in response to the offer. Tahoe said it cautions shareholders that the mini-tender offer has been made at a price below market, representing discounts of 4.59% and 4.32% to the closing prices of Tahoe's common shares on the Toronto Stock Exchange and New York Stock Exchange, respectively, on October 5, 2016, the last trading day before the mini-tender offer was commenced. In addition, the offer is subject to a number of conditions. For example, TRC Capital's offer states that it may terminate the offer if, among other things, the market price of Tahoe's shares declines since the close of business on October 5, 2016.