{"id":963371,"date":"2026-05-14T20:03:30","date_gmt":"2026-05-15T00:03:30","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sandisk-recommends-stockholders-reject-mini-tender-offer-by-tutanota-llc\/"},"modified":"2026-05-14T20:03:30","modified_gmt":"2026-05-15T00:03:30","slug":"sandisk-recommends-stockholders-reject-mini-tender-offer-by-tutanota-llc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sandisk-recommends-stockholders-reject-mini-tender-offer-by-tutanota-llc\/","title":{"rendered":"Sandisk Recommends Stockholders Reject \u201cMini-Tender\u201d Offer by Tutanota LLC"},"content":{"rendered":"

<\/p>\n

Sandisk Recommends Stockholders Reject \u201cMini-Tender\u201d Offer by Tutanota LLC<\/b><\/p>\n

MILPITAS, Calif.–(BUSINESS WIRE<\/a>)–
\nSandisk Corporation (Nasdaq: SNDK) (\u201cSandisk\u201d) today announced that it recently became aware of an unsolicited \u201cmini-tender\u201d offer by Tutanota LLC (\u201cTutanota\u201d) to purchase up to 100,000 shares of Sandisk\u2019s common stock at an offer price of $1,150.00 per share. The shares subject to Tutanota\u2019s offer represent less than 0.07% of Sandisk\u2019s common stock as of April 24, 2026.<\/p>\n

\nThe offer price of $1,150.00 per share is conditioned upon, among other things, the closing price per share of Sandisk\u2019s common stock exceeding $1,150.00 per share on the last trading day before the offer expires. This means that unless this condition is waived by Tutanota, Sandisk stockholders who tender their shares in the offer will receive a below-market price. Tutanota can extend the offer for successive periods of 45 to 180 days, in which case payment would be delayed beyond the scheduled expiration. Stockholders who have already tendered their shares may withdraw them at any time by providing notice in the manner described in the Tutanota offering documents prior to the expiration of the offer, which is currently scheduled for 5:00 p.m., Eastern Time, on Wednesday, May 20, 2026, unless extended. Sandisk recommends that stockholders who have not responded to Tutanota\u2019s offer take no action.<\/p>\n

\nSandisk does not endorse Tutanota\u2019s unsolicited mini-tender offer and is not affiliated or associated in any way with Tutanota, its mini-tender offer, or the offer documentation.<\/p>\n

\nTutanota has made similar unsolicited mini-tender offers for stock of other public companies. As Tutanota\u2019s mini-tender offer is for less than five (5) percent of Sandisk\u2019s outstanding shares, it is not subject to many of the disclosure and procedural requirements of Securities and Exchange Commission (\u201cSEC\u201d) rules that are designed to protect investors. The SEC has cautioned investors about mini-tender offers, noting that \u201csome 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.\u201d The SEC\u2019s guidance to investors on mini-tenders is available at https:\/\/www.sec.gov\/investor\/pubs\/minitend.htm<\/a>.<\/p>\n

\nSandisk encourages brokers and dealers, as well as other market participants, to review the SEC\u2019s letter regarding broker-dealer mini-tender offer dissemination and disclosures at https:\/\/www.sec.gov\/divisions\/marketreg\/minitenders\/sia072401.htm<\/a> 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 https:\/\/www.sec.gov\/divisions\/marketreg\/minitenders\/sia072401.htm<\/a>.<\/p>\n

\nStockholders should obtain current market quotations for their shares, consult with their broker or financial advisor, and exercise caution with respect to Tutanota\u2019s mini-tender offer.<\/p>\n

\nSandisk requests that a copy of this news release be included with all distributions of materials relating to Tutanota\u2019s mini-tender offer related to Sandisk\u2019s common stock.<\/p>\n

About Sandisk<\/b><\/p>\n

\nSandisk (Nasdaq: SNDK) delivers innovative Flash solutions and advanced memory technologies that meet people and businesses at the intersection of their aspirations and the moment, enabling them to keep moving and pushing possibility forward. Follow Sandisk on Instagram<\/a>, Facebook<\/a>, X<\/a>, LinkedIn<\/a>, and YouTube<\/a>. Join TeamSandisk<\/a> on Instagram.<\/p>\n

\n\u00a9 2026 Sandisk Corporation or its affiliates. All rights reserved. Sandisk and the Sandisk logo are registered trademarks or trademarks of Sandisk Corporation or its affiliates in the US and\/or other countries. All other marks are property of their respective owners.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260514105215\/en\/<\/a><\/span><\/p>\n

Company Contacts:
\n<\/b>
Sandisk Corporation<\/b><\/p>\n

Investor Contact:
\n
Ivan Donaldson
\n
<\/b>E: ivan.donaldson@sandisk.com
\n<\/a>
investors@sandisk.com<\/a><\/p>\n

Media Contact:
\n<\/b>
Media Relations
\n
mediainquiries@sandisk.com
\n<\/a>
<\/b><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Semiconductor Data Management Consumer Electronics Technology Other Technology Hardware<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Sandisk Recommends Stockholders Reject \u201cMini-Tender\u201d Offer by Tutanota LLC MILPITAS, Calif.–(BUSINESS WIRE)– Sandisk Corporation (Nasdaq: SNDK) (\u201cSandisk\u201d) today announced that it recently became aware of an unsolicited \u201cmini-tender\u201d offer by Tutanota LLC (\u201cTutanota\u201d) to purchase up to 100,000 shares of Sandisk\u2019s common stock at an offer price of $1,150.00 per share. The shares subject to Tutanota\u2019s offer represent less than 0.07% of Sandisk\u2019s common stock as of April 24, 2026. The offer price of $1,150.00 per share is conditioned upon, among other things, the closing price per share of Sandisk\u2019s common stock exceeding $1,150.00 per share on the last trading day before the offer expires. This means that unless this condition is waived by Tutanota, Sandisk stockholders who tender their … <\/p>\n

Continue reading “Sandisk Recommends Stockholders Reject \u201cMini-Tender\u201d Offer by Tutanota LLC”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-963371","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSandisk Recommends Stockholders Reject \u201cMini-Tender\u201d Offer by Tutanota LLC - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sandisk-recommends-stockholders-reject-mini-tender-offer-by-tutanota-llc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sandisk Recommends Stockholders Reject \u201cMini-Tender\u201d Offer by Tutanota LLC - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Sandisk Recommends Stockholders Reject \u201cMini-Tender\u201d Offer by Tutanota LLC MILPITAS, Calif.–(BUSINESS WIRE)– Sandisk Corporation (Nasdaq: SNDK) (\u201cSandisk\u201d) today announced that it recently became aware of an unsolicited \u201cmini-tender\u201d offer by Tutanota LLC (\u201cTutanota\u201d) to purchase up to 100,000 shares of Sandisk\u2019s common stock at an offer price of $1,150.00 per share. The shares subject to Tutanota\u2019s offer represent less than 0.07% of Sandisk\u2019s common stock as of April 24, 2026. The offer price of $1,150.00 per share is conditioned upon, among other things, the closing price per share of Sandisk\u2019s common stock exceeding $1,150.00 per share on the last trading day before the offer expires. 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