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Stock Market & Financial Investment News

News Breaks
February 7, 2013
06:31 EDTALXNAlexion recommends rejection of mini-tender offer by TRC Capital
Alexion has been notified of an unsolicited "mini-tender" offer by TRC Capital Corporation to purchase up to 1.5M shares, or approximately 0.77%, of the outstanding Alexion common stock at a price of $90.50 per share. TRC's offer price represents approximately a 5.06% discount to the closing price of Alexion common stock on February 5. Alexion does not endorse TRC's offer and recommends that shareholders reject the offer and do not tender their shares. Alexion urges shareholders considering TRC's offer to obtain current market quotations for their shares, review the conditions to the offer, consult with their broker or financial adviser and exercise caution with respect to TRC's offer. Alexion is not associated in any way with TRC, its mini-tender offer or the offer documentation.
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