Starbucks recommends shareholders reject “mini-tender” offer by tutanota llc

Seattle--(business wire)--starbucks corporation (nasdaq: sbux) – starbucks today announced that it has received notice of an unsolicited “mini-tender” offer made by tutanota llc (tutanota) to starbucks shareholders to purchase up to 500,000 shares of starbucks common stock at $88.00 per share. the offer price of $88.00 per share is conditioned on, among other things, the closing price per share of starbucks common stock exceeding $88.00 per share on the last trading day before the offer expires.
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