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Intel Recommends Stockholders Reject Mini-Tender Offer by Tutanota LLC

Unveiling the Unsolicited Proposal

Intel Corporation (INTC) has issued a warning to its shareholders regarding an unsolicited mini-tender offer made by Tutanota LLC.

Distinguishing Features of Mini-Tender Offers

Characteristics

Mini-tender offers are tender offers for less than 5% of a company's outstanding shares, and they are often made at prices below the current market price.

Risks

Mini-tender offers can be risky for shareholders, as they may not receive a fair price for their shares.

Intel's Response to Tutanota's Offer

Rejection Recommendation

Intel strongly recommends that its shareholders reject Tutanota's mini-tender offer. The company believes that the offer is inadequate and not in the best interests of its shareholders.

Previous Experience with Tutanota

Intel has had previous experience with Tutanota's mini-tender offers, and the company has repeatedly advised its shareholders to reject them.

Protecting Shareholders from Mini-Tender Offers

Awareness

Shareholders should be aware of the risks associated with mini-tender offers and should carefully consider any offers they receive.

Consultation

Shareholders are encouraged to consult with their financial advisors before making any decisions about whether to participate in a mini-tender offer.

Additional Resources

• SEC Investor Bulletin: Mini-Tender Offers
• NASDAQ: What Is a Mini-Tender Offer? Why You Should Beware