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

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DEERFIELD, Ill.--(BUSINESS WIRE)--Baxalta Incorporated (NYSE: BXLT) has been notified of an unsolicited “mini-tender” offer by TRC Capital Corporation (TRC) to purchase up to 3 million shares, or approximately 0.44 percent, of Baxalta’s outstanding common stock at a price of $35.45 per share in cash. The offer price was 4.45 percent below the $37.10 closing price of Baxalta’s common stock on August 4, 2015, the day prior to the offer. TRC communicated that their offer is subject to a number of

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