21. Oct 2026
Description
(AWP Alliance News) - Analog Devices urged shareholders to reject Tutanota's unsolicited mini-tender offer to buy up to 100,000 common shares at USD 525 per share in cash. The offer covers less than 0.03% of outstanding common shares as of October 12, 2026. It requires the closing share price to exceed USD 525 on the last trading day before expiration, meaning tendering shareholders would receive less than market value unless that condition is waived.
The offer also depends on financing that Tutanota has not secured. It is scheduled to expire at 5 p.m.
New York time on November 16, 2026, but Tutanota expects extensions of 45 to 180 days until the price condition is met; shareholders can withdraw tendered shares before expiration.
https://www.prnewswire.com/news-releases/analog-devices-recommends-shar…
Disclaimer: This news brief was created using generative artificial intelligence. Analog Devices Inc. published the original content used to generate this news brief via PR Newswire on October 21, 2026, and is solely responsible for the information contained therein.
