TRC Withdraws Its Offer for Koninklijke Philips Electronics N.V.

2012-02-13 23:24:11 -
TORONTO, ONTARIO--(Marketwire - February 13, 2012) - TRC Capital Corporation
(TRC) announced today that it has withdrawn its tender offer of US$19.25 per
share in cash for up to 4,000,000 New York Registry Shares of Koninklijke
Philips Electronics N.V. ("Philips"). No shares of Philips have been deposited
to the offer as of February 13, 2012.

TRC Capital Corporation is a private investment corporation that manages a
diverse investment portfolio focusing on manufacturing, commodity,
pharmaceutical and basic industries.


Contact Information

TRC Capital Corporation
Lorne H. Albaum
CEO
(416) 304-1932







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Source: TRC Capital Corporation via Thomson Reuters ONE

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