Summary by Moomoo AI
Alphabet Inc., the parent company of Google, has issued a statement on September 24, 2024, regarding an unsolicited mini-tender offer from Tutanota LLC. Tutanota LLC has proposed to purchase up to 350,000 shares of Alphabet's Class C capital stock at $180 per share in cash, which is less than 0.01 percent of the outstanding shares as of the offer date, September 3, 2024. Alphabet has advised its shareholders to exercise caution and has expressed no opinion on whether they should accept the offer. The company has also clarified that it is not affiliated with Tutanota LLC or its offer. Shareholders who have already tendered shares have the option to withdraw them before the offer's expiration on October 7, 2024, at 5:00 p.m. New York City time. Alphabet has recommended that shareholders consult with their financial advisors and obtain current market quotations before making a decision.
