ON Semiconductor Corporation, known as onsemi, has publicly advised its shareholders to reject an unsolicited mini-tender offer from TRC Capital Investment Corporation. The offer aims to purchase up to 1.5 million shares of onsemi's common stock at $70.75 per share, a price approximately 4.4% below the closing share price on March 19, 2024. This mini-tender offer represents about 0.35% of onsemi's outstanding shares as of the offer date. On April 2, 2024, onsemi issued a press release recommending that shareholders not tender their shares, emphasizing that the company is not affiliated with TRC Capital Investment. Shareholders who have already tendered shares have the option to withdraw them before the offer's expiration at 12:01 a.m. EDT on April 19, 2024. The company has highlighted the SEC's cautionary advice regarding mini-tender offers and has requested that its press release be included with all materials related to TRC Capital Investment's offer.

ON Semiconductor Corporation, known as onsemi, has publicly advised its shareholders to reject an unsolicited mini-tender offer from TRC Capital Investment Corporation. The offer aims to purchase up to 1.5 million shares of onsemi's common stock at $70.75 per share, a price approximately 4.4% below the closing share price on March 19, 2024. This mini-tender offer represents about 0.35% of onsemi's outstanding shares as of the offer date. On April 2, 2024, onsemi issued a press release recommending that shareholders not tender their shares, emphasizing that the company is not affiliated with TRC Capital Investment. Shareholders who have already tendered shares have the option to withdraw them before the offer's expiration at 12:01 a.m. EDT on April 19, 2024. The company has highlighted the SEC's cautionary advice regarding mini-tender offers and has requested that its press release be included with all materials related to TRC Capital Investment's offer.