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Yahoo Recommends Shareholders Reject “Mini-Tender” Offer by TRC Capital Corporation

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SUNNYVALE, Calif.--(BUSINESS WIRE)--Yahoo! Inc. (NASDAQ:YHOO) received notice of an unsolicited “mini-tender” offer by TRC Capital Corporation (TRC) to purchase up to 3 million shares of Yahoo’s common stock at a price of $37.45 per share in cash. The offering price is 4.56 percent below the closing price per share of Yahoo’s common stock on July 22, 2015, the last trading day before the offer was commenced. The offer is for approximately 0.32 percent of the outstanding shares of Yahoo’s common

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