Business
P&G Recommends Stockholders Reject Mini-Tender Offer by Tutanota LLC
CINCINNATI, September 02, 2025--The Procter & Gamble Company (NYSE:PG) today announced that it has been notified of an unsolicited "mini-tender" offer by Tutanota LLC (Tutanota) to purchase up to 500,000 shares of the Company’s common stock at a price of $128 per share. The offer is conditioned on, among other things, the closing price per share of P&G stock exceeding $128 on the last trading day before the offer expires. This means that unless this condition is waived by Tutanota, P&G sharehold
About this update from Procter & Gamble Company (the)
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":480,"url":"https://media.zenfs.com/en/business-wire.com/e0dfa724cc9d90dc29bba9b2ab4891c4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/HHOh0gsWbN.WF1n8tlB33A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTk2MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/e0dfa724cc9d90dc29bba9b2ab4891c4","width":480,"height":480}},"lazy":false},{"type":"text","content":"CINCINNATI, September 02, 2025--(BUSINESS WIRE)--The Procter & Gamble Company (NYSE:PG) today announced that it has been notified of an unsolicited "mini-tender" offer by Tutanota LLC (Tutanota) to purchase up to 500,000 shares of the Company’s common stock at a price of $128 per share. The offer is conditioned on, among other things, the closing price per share of P&G stock exceeding $128 on the last trading day before the offer expires. This means that unless this condition is waived by Tutanota, P&G shareholders who tender their shares in the offer will receive a below-market price. Tutanota further states in its offering documents that it expects to extend the offer for successive periods of 45 to 180 days until the market price of the shares exceeds the offer price.","length":803,"tagName":"p"},{"type":"text","content":"P&G recommends shareholders do not tender their shares in response to this unsolicited mini-tender offer because the offer is at a price below a conditional market price of P&G’s shares and is subject to numerous conditions. P&G shareholders who have already tendered their shares may withdraw their shares by providing the written notice described in the Tutanota LLC offering documents prior to the expiration of the offer, currently scheduled for 5:00 p.m., New York City Time on September 22, 2025 unless extended or earlier terminated.","length":552,"tagName":"p"},{"type":"text","content":"P&G does not endorse Tutanota’s unsolicited mini-tender offer and is not associated in any way with Tutanota, its mini-tender offer, or the offer documentation.","length":164,"tagName":"p"},{"type":"text","content":"Tutanota has previously made similar mini-tender offers for shares of other companies. Mini-tender offers seek to acquire less than 5 percent of a company’s outstanding shares. ...