ASML cautions investors regarding Tutanota LLC’s “mini-tender” offer
ASML is not associated in any way with Tutanota or its mini-tender offer and recommends that shareholders reject this unsolicited mini-tender offer.
- ASML is not associated in any way with Tutanota or its mini-tender offer and recommends that shareholders reject this unsolicited mini-tender offer.
- ASML recommends that shareholders do not tender their shares in response to Tutanota’s offer because Tutanota’s offer is conditioned on, among other things, the closing price per share of ASML’s ordinary shares exceeding the offer price on the last trading day before the offer expires and is subject to numerous additional conditions, including Tutanota obtaining financing for the offer.
- Tutanota also states in its offer documents that it expects to extend the offer for successive periods of up to 180 days until the market price of ASML’s ordinary shares exceeds the offer price.
- ASML warns investors that the offer does not comply with, and does not offer the protections of, the public offer regulations of the Dutch Financial Markets Supervision Act.