Starbucks Corporation (SBUX) Advises Against Unsolicited Mini-Tender Offer

Company Recommends Shareholders Not to Tender Shares in Tutanota LLC's Offer

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Apr 23, 2025
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Starbucks Corporation (SBUX, Financial) has recently become aware of an unsolicited "mini-tender" offer from Tutanota LLC, which aims to purchase up to 500,000 shares of Starbucks' common stock at an offer price of $88.00 per share. This offer is contingent upon the closing price of Starbucks' stock exceeding $88.00 per share on the last trading day before the offer's expiration.

The shares involved in Tutanota's offer represent approximately 0.04% of Starbucks' outstanding common stock as of the offer date. In response, Starbucks has issued a press release advising its shareholders not to endorse or participate in Tutanota's mini-tender offer. Shareholders who have already tendered their shares are permitted to withdraw them at any time before the offer expires, as per Tutanota's offering documents.

The mini-tender offer is scheduled to expire at 5:00 P.M., New York City Time, on Monday, May 12, 2025, unless Tutanota decides to extend or terminate the offer earlier. Starbucks has clarified that it is not affiliated with Tutanota or its offer documentation.

For shareholders and investors seeking further information on mini-tender offers, Starbucks has included additional details in their press release.

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