Sandisk Advises Stockholders to Reject Tutanota's Mini-Tender Offer

Summary

Sandisk Corporation has announced that it became aware of an unsolicited 'mini-tender' offer by Tutanota LLC to purchase up to 100,000 shares of its common stock at $1,150.00 per share, which is below the current market price. The offer, which represents less than 0.07% of Sandisk's outstanding shares, is not endorsed by Sandisk and the company advises its stockholders to take no action. Stockholders who have already tendered their shares may withdraw them before the offer's expiration on May 20, 2026. Sandisk is not affiliated with Tutanota or the offer.