Intel Recommends Stockholders Reject ‘Mini-Tender Offer’ by Tutanota LLC
Intel has issued a warning to its stockholders regarding an unsolicited 'mini-tender offer' by Tutanota The offer aims to purchase up to 1 million shares of Intel common stock at $34 per share, which is likely to be below market price. Intel strongly recommends that stockholders reject this offer, citing several concerns:
1. The offer is subject to numerous conditions, including Tutanota obtaining financing.
2. There's no guarantee that the conditions will be satisfied.
3. The offer is not subject to many SEC disclosure and procedural requirements.
4. Tutanota has a history of making similar unsolicited mini-tender offers.
Intel emphasizes that it is not affiliated with Tutanota or this offer in any way. The company advises stockholders to exercise caution, obtain current market quotations, and consult with their brokers or financial advisers before making any decisions.
Intel ha emesso un avviso ai propri azionisti riguardo a un'offerta 'mini-tender' non richiesta da parte di Tutanota. L'offerta mira ad acquistare fino a 1 milione di azioni ordinarie di Intel a 34 dollari per azione, che probabilmente sarà inferiore al prezzo di mercato. Intel raccomanda vivamente agli azionisti di rifiutare questa offerta, citando diverse preoccupazioni:
1. L'offerta è soggetta a numerose condizioni, tra cui l'ottenimento di finanziamenti da parte di Tutanota.
2. Non vi è alcuna garanzia che le condizioni vengano soddisfatte.
3. L'offerta non è soggetta a molti requisiti di divulgazione e procedurali della SEC.
4. Tutanota ha una storia di offerte mini-tender simili non richieste.
Intel sottolinea di non avere alcun legame con Tutanota o questa offerta in alcun modo. La società consiglia agli azionisti di esercitare cautela, ottenere quotazioni di mercato aggiornate e consultare i propri broker o consulenti finanziari prima di prendere qualsiasi decisione.
Intel ha emitido un aviso a sus accionistas respecto a una oferta 'mini-tender' no solicitada por parte de Tutanota. La oferta busca comprar hasta 1 millón de acciones comunes de Intel a 34 dólares por acción, lo que probablemente estará por debajo del precio de mercado. Intel recomienda encarecidamente a los accionistas que rechacen esta oferta, citando varias preocupaciones:
1. La oferta está sujeta a numerosas condiciones, incluida la obtención de financiamiento por parte de Tutanota.
2. No hay garantía de que se cumplan las condiciones.
3. La oferta no está sujeta a muchos requisitos de divulgación y procedimiento de la SEC.
4. Tutanota tiene un historial de hacer ofertas mini-tender similares no solicitadas.
Intel enfatiza que no está afiliada a Tutanota ni a esta oferta de ninguna manera. La compañía aconseja a los accionistas que ejerzan precaución, obtengan cotizaciones de mercado actuales y consulten a sus corredores o asesores financieros antes de tomar decisiones.
인텔은 투타노타의 원치 않는 '미니 텐더 오퍼'에 대해 주주들에게 경고했습니다. 이 제안은 인텔의 보통주 100만 주를 주당 34달러에 구매하는 것을 목표로 하며, 이는 시장 가격보다 낮을 가능성이 높습니다. 인텔은 주주들에게 이 제안을 거부할 것을 강력히 권고하며, 여러 가지 우려 사항을 언급했습니다:
1. 이 제안은 투타노타가 자금을 조달하는 것을 포함하여 여러 조건에 따릅니다.
2. 조건이 충족될 것이라는 보장이 없습니다.
3. 이 제안은 SEC의 여러 공개 및 절차 요건에 적용되지 않습니다.
4. 투타노타는 유사한 원치 않는 미니 텐더 오퍼를 한 이력이 있습니다.
인텔은 자신이 투타노타 또는 이번 제안과 어떠한 관련이 없음을 강조합니다. 회사는 주주들에게 주의할 것을 권장하며, 현재의 시장 시세를 확인하고 어떤 결정을 내리기 전에 중개인이나 재정 고문과 상담할 것을 권장합니다.
Intel a émis un avertissement à ses actionnaires concernant une offre 'mini-tender' non sollicitée de Tutanota. L'offre vise à acheter jusqu'à 1 million d'actions ordinaires d'Intel à 34 dollars par action, ce qui est susceptible d'être inférieur au prix du marché. Intel recommande fortement aux actionnaires de rejetter cette offre, en évoquant plusieurs préoccupations :
1. L'offre est soumise à de nombreuses conditions, y compris le financement par Tutanota.
2. Il n'y a aucune garantie que ces conditions seront remplies.
3. L'offre n'est pas soumise à de nombreuses exigences de divulgation et de procédure de la SEC.
4. Tutanota a un historique de faire des offres mini-tender similaires non sollicitées.
Intel souligne qu'elle n'est en aucun cas affiliée à Tutanota ou à cette offre. La société conseille aux actionnaires de faire preuve de prudence, d'obtenir des cotations de marché actualisées et de consulter leurs courtiers ou conseillers financiers avant de prendre des décisions.
Intel hat eine Warnung an seine Aktionäre bezüglich eines unaufgeforderten 'Mini-Tender-Angebots' von Tutanota herausgegeben. Das Angebot zielt darauf ab, bis zu 1 Million Aktien von Intel zu einem Preis von 34 Dollar pro Aktie zu kaufen, was wahrscheinlich unter dem Marktpreis liegt. Intel empfiehlt den Aktionären nachdrücklich, dieses Angebot abzulehnen, und führt mehrere Bedenken an:
1. Das Angebot unterliegt zahlreichen Bedingungen, einschließlich der Beschaffung von Finanzmitteln durch Tutanota.
2. Es gibt keine Garantie dafür, dass die Bedingungen erfüllt werden.
3. Das Angebot unterliegt nicht vielen Offenlegungs- und Verfahrensanforderungen der SEC.
4. Tutanota hat eine Vorgeschichte mit ähnlichen unaufgeforderten Mini-Tender-Angeboten.
Intel betont, dass es in keiner Weise mit Tutanota oder diesem Angebot verbunden ist. Das Unternehmen rät den Aktionären, Vorsicht walten zu lassen, aktuelle Marktangebote einzuholen und sich vor Entscheidungen mit ihren Maklern oder Finanzberatern abzusprechen.
- None.
- Unsolicited mini-tender offer may confuse or mislead INTC shareholders
- Potential below-market price offer for INTC shares
- Risk of shareholders accepting unfavorable terms
Insights
This unsolicited mini-tender offer by Tutanota raises several red flags. The offer price of
Tutanota's mini-tender offer appears to be a strategic maneuver to acquire Intel shares potentially below market value. The conditional
Intel does not endorse Tutanota’s mini-tender offer and is not associated in any way with Tutanota, its mini-tender offer or the offer documentation.
This proposal is not in the best interests of Intel stockholders, and the company recommends that stockholders do not tender their shares in response to Tutanota’s offer. In addition to offering below-market price, the offer is subject to numerous additional conditions, including Tutanota obtaining financing for the offer. There is no guarantee the conditions of the offer will be satisfied.
Stockholders who have already tendered their shares may withdraw them at any time prior to the expiration of the offer, which is currently scheduled for 5 p.m. EDT, Wednesday, Sept. 4, 2024 (but which can be extended by Tutanota), by providing notice in the manner described in the Tutanota offering documents.
Intel does not endorse Tutanota’s mini-tender offer and is not affiliated or associated in any way with Tutanota, its mini-tender offer or the offer documentation.
Because Tutanota’s mini-tender offer is for less than
Intel encourages brokers and dealers, as well as other market participants, to review the SEC’s letter regarding broker-dealer mini-tender offer dissemination and disclosures at www.sec.gov/divisions/marketreg/minitenders/sia072401.htm and the NASD Notice to Members 99-53 issued in July 1999 regarding guidance to members forwarding mini-tender offers to their customers, which can be found at www.finra.org/sites/default/files/NoticeDocument/p004221.pdf.
Stockholders should obtain current market quotations for their shares, consult with their broker or financial adviser, and exercise caution with respect to Tutanota's mini-tender offer.
Intel requests that a copy of this news release be included with all distributions of materials relating to Tutanota’s mini-tender offer for Intel’s common stock.
About Intel
Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore’s Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. To learn more about Intel’s innovations, go to newsroom.intel.com and intel.com.
© Intel Corporation. Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240815011637/en/
Tyler Tatman
Investor Relations
1-503-712-9122
tyler.m.tatman@intel.com
Sophie Won
Media Relations
1-408-653-0475
sophie.won@intel.com
Source: Intel
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