AMD has been notified of a “mini-tender” offer by TRC Capital. Pursuant to the offer, which is dated December 11, TRC Capital is offering to purchase up to 1M shares of AMD common stock, which represents approximately 0.06% of its outstanding shares. AMD cautions its stockholders that TRC Capital’s unsolicited “mini-tender” offer of $123.45 per share is approximately 4.24% below the $128.92 per share closing price of AMD stock on December 8, the day before the “mini-tender” offer was commenced and approximately 11.12% below the $138.90 per share closing price of AMD stock on Dec. 18, 2023. AMD recommends against tendering shares in response to this unsolicited below-market offer. AMD does not in any way recommend or endorse the TRC Capital “mini-tender” offer, and AMD is in no way associated with TRC Capital, the “mini-tender” offer or the offer documentation.
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