Summary by Moomoo AI
Alphabet has received notice of an unsolicited mini-tender offer from Tutanota LLC to purchase up to 400,000 shares of its Class A common stock at $180 per share in cash. The offer represents less than 0.01% of Alphabet's outstanding Class A shares as of June 10, 2024. The company explicitly states it does not endorse the offer and has no affiliation with Tutanota LLC.The mini-tender offer, seeking less than 5% of shares outstanding, bypasses many SEC disclosure and procedural requirements that typically protect investors. Alphabet urges shareholders to exercise caution, obtain current market quotations, and consult with their financial advisors before making any decisions.The offer is scheduled to expire at 5:00 p.m. New York City time on July 12, 2024, though Tutanota may extend this deadline. Shareholders who have already tendered their shares retain the right to withdraw them before the expiration date, in accordance with Tutanota's offering documents.
