Article: Novellus Responds to TRC Capital 'Mini-Tender' Offer.

SAN JOSE, Calif., April 6 /PRNewswire-FirstCall/ -- Novellus Systems, Inc. announced that on April 4, 2005, it received notification of an unsolicited mini-tender offer being made by TRC Capital Corporation (TRC), a Canadian private investment company, to purchase up to 4 million shares of Novellus common stock, representing approximately 2.85 percent of Novellus' shares outstanding as of April 4, 2005, for a price of $25.50 per share in cash.

Novellus does not in any way recommend or endorse TRC's mini-tender offer and expresses no opinion as to whether Novellus shareholders should tender their shares in the mini-tender offer. Novellus is not affiliated in any ...

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