Intel Recommends Shareholders to Reject Tutanota's Mini Tender Offer

MT Newswires Live08-16

Intel (INTC) urged shareholders Thursday to reject Tutanota's mini tender offer to acquire up to 1 million shares at $34 a piece.

The proposal is not in the best interest of shareholders and offers a below-market price, unless Tutanota waives the condition that the closing price of Intel's shares exceeds $34 on the last day of trading before the offer expires, Intel added.

The offer is scheduled to expire on Sept. 4 while Tutanota holds the option to extend it for successive periods of 45 to 180 days, according to Intel.

The company said it does not endorse the offer and is not associated with Tutanota.

Price: 20.66, Change: -0.03, Percent Change: -0.15

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jrlx
08-16
jrlx
34可以呀，大爷来买啊[贱笑]

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