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Updated: 15-May-26 06:01 ET
SNDK:  Sandisk urges shareholders to reject unsolicited “mini-tender” offer from Tutanota  (1,382.72)
  • Sandisk advised shareholders to reject an unsolicited mini-tender offer from Tutanota LLC to purchase up to 100,000 shares of Sandisk common stock.
    • The offer price is $1,150 per share, but the bid is conditioned on Sandisk shares trading above that level prior to expiration, meaning tendering shareholders could ultimately receive a below-market price unless the condition is waived.
    • The shares targeted in the offer represent less than 0.07% of Sandisk's outstanding common stock.
    • Sandisk said it is not affiliated with Tutanota and does not endorse the offer.
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