Oracle responds to TRC Capital’s unsolicited mini-tender offer

Oracle (ORCL) has received notice of an unsolicited mini-tender offer by TRC Capital Investment, or TRC, dated March 24, to purchase up to 1M shares of Oracle’s common stock at a price of $140.50 per share in cash. The offer represents less than 0.04% of Oracle’s outstanding common stock. Oracle is not affiliated with TRC and does not endorse TRC’s mini-tender offer or the offer documentation. TRC’s offer price is below the current market price of Oracle’s common stock as of the date of the offer. Oracle is expressing no opinion and is neutral as to whether Oracle stockholders should tender their shares in response to TRC’s offer. TRC’s offer is subject to numerous conditions, and because the offer is for less than 5% of Oracle’s outstanding shares, it is not subject to many of the disclosure and procedural requirements of the SEC applicable to larger tender offers. As a result, stockholders should exercise caution with respect to TRC’s offer. The offer is currently scheduled to expire at one minute after 11:59 p.m., Eastern time, on April 22. TRC may extend the offer, or terminate it, before the expiration date.