AMD recommande le rejet de “Mini-appel d'offres” Offre de Tutanota LLC
AMD does not in any way recommend or endorse the Tutanota offer because the offer requires that the closing price for AMD common stock exceed the offer price, and the offer price 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. AMD is in no way associated with Tutanota, le “mini-tender” offer or the offer documentation. “Mini-tender” offers seek less than 5% of a company’s outstanding shares thereby avoiding many procedural and disclosure requirements of the Securities and Exchange Commission (“SEC”) because they are below the SEC’s threshold to provide such disclosure and procedural protections for investors.
The SEC has issued an investor alert regarding “mini-tender” offers, noting that, “Some bidders make mini-tender offers at below-market prices, hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price.” Investors are urged to consult with their broker or financial advisor on such matters. The SEC’s advisory may be found at http://www.sec.gov/investor/pubs/minitend.htm.
AMD stockholders who have already tendered shares are advised that they may withdraw from the tender offer by providing the written notice described in the Tutanota offering documents prior to the expiration of the offer currently scheduled for 5:00 p.m. New York City time, on Friday, Avril 19, 2024, unless extended.
AMD requests that a copy of this news release be included with all distributions of materials related to Tutanota’s offer for shares of AMD common stock.