Alphabet Inc., the parent company of Google, has issued a statement on June 26, 2024, regarding an unsolicited mini-tender offer from Tutanota LLC. Tutanota LLC has proposed to purchase up to 400,000 shares of Alphabet's Class A common stock at $180 per share in cash, which is less than 0.01 percent of the outstanding shares as of the offer date, June 10, 2024. Alphabet has clarified that it does not endorse this mini-tender offer and has not expressed any opinion on whether shareholders should tender their shares. The company has also emphasized that it is not affiliated with Tutanota LLC or its offer. Alphabet has advised shareholders to consult with their financial advisors, obtain current market quotations, and exercise caution with respect to the...Show More

Alphabet Inc., the parent company of Google, has issued a statement on June 26, 2024, regarding an unsolicited mini-tender offer from Tutanota LLC. Tutanota LLC has proposed to purchase up to 400,000 shares of Alphabet's Class A common stock at $180 per share in cash, which is less than 0.01 percent of the outstanding shares as of the offer date, June 10, 2024. Alphabet has clarified that it does not endorse this mini-tender offer and has not expressed any opinion on whether shareholders should tender their shares. The company has also emphasized that it is not affiliated with Tutanota LLC or its offer. Alphabet has advised shareholders to consult with their financial advisors, obtain current market quotations, and exercise caution with respect to the mini-tender offer. Shareholders who have already tendered shares have the option to withdraw them at any time before the offer's expiration, which is scheduled for 5:00 p.m., New York City time, on July 12, 2024, although Tutanota LLC may choose to extend the offer period. Alphabet has also encouraged market participants to review the SEC's guidance on mini-tender offers.