Sandisk Recommends Stockholders Reject “Mini-Tender” Offer by Tutanota LLC
Sandisk announced an unsolicited mini-tender offer by Tutanota LLC to purchase up to 100,000 shares at $1,150 per share. The company recommends stockholders reject the offer, noting it represents less than 0.07% of outstanding shares and is conditioned on the stock price exceeding the offer price.
Key figures
- Offer shares
- 100000
- Offer price per share
- 1150
- Offer percentage of outstanding
- 0.07%
AI analysis
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