P&g recommends stockholders reject mini-tender offer by tutanota llc

Cincinnati--(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.
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