Starbucks warns shareholders against unsolicited mini-tender offer from tutanota llc


starbucks corporation has received notice of a mini-tender offer from tutanota llc, proposing to purchase up to 500,000 shares of starbucks common stock at $88.00 per share. this offer represents approximately 0.04% of the company’s outstanding shares.

starbucks recommends shareholders do not participate in the offer for several reasons:

- the offer price is conditional upon starbucks’ stock closing above $88.00 on the final trading day before the offer expires, meaning shareholders could receive a below-market price.
- the offer is subject to multiple other conditions, including tutanota securing financing.
- shareholders who have already tendered shares may withdraw them at any time before 5:00 p.m. et on may 12, 2025, unless the deadline is extended.

starbucks clarified that it is not affiliated with tutanota and does not endorse the offer. the company noted that mini-tender offers typically involve less than 5% of a company’s shares and are not subject to the same regulatory requirements as larger offers, providing fewer protections for investors.

investors are encouraged to consult the sec’s mini-tender guidance at www.sec.gov/investor/pubs/minitend.htm and review related notices from the sec and finra for additional information.