Exhibit 99.1
Alphabet Urges Caution and Expresses No Opinion on Whether or Not Stockholders Should Tender Their Shares in Response to the Mini-Tender Offer by Tutanota LLC
MOUNTAIN VIEW, Calif. (June 26, 2024) – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced that it has received notice of an unsolicited mini-tender offer by Tutanota LLC to purchase up to 400,000 shares of Alphabet’s Class A common stock at a price of $180 per share in cash. This offer to purchase up to 400,000 shares by Tutanota LLC represents less than 0.01 percent of the shares of Alphabet’s Class A common stock outstanding as of the June 10, 2024 offer date.
Alphabet does not endorse Tutanota LLC’s unsolicited mini-tender offer, and expresses no opinion on whether or not stockholders should tender their shares in response to Tutanota LLC’s offer. Alphabet is not affiliated or associated in any way with Tutanota LLC, its mini-tender offer or its offer documentation.
Tutanota LLC’s has made many similar mini-tender offers for shares of other companies. Mini-tender offers seek to acquire less than 5 percent of a company’s shares outstanding, thereby avoiding many disclosure and procedural requirements of the U.S. Securities and Exchange Commission (SEC) that apply to offers for more than 5 percent of a company’s shares outstanding. As a result, mini-tender offers do not provide investors with the same level of protections as provided for larger tender offers under U.S. securities laws.
Alphabet urges investors to obtain current market quotations for their shares, to consult with their broker or financial advisor and to exercise caution with respect to Tutanota LLC’s offer. Alphabet makes no recommendation on Tutanota LLC’s offer. Stockholders who have already tendered their shares may withdraw them at any time prior to the expiration of the offer, in accordance with Tutanota LLC’s offer documentation. The offer is currently scheduled to expire at 5:00 p.m., New York City time, on July 12, 2024. Tutanota LLC may extend the offering period at its discretion.
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