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Principal® Recommends Shareholders Reject “Mini-tender” Offer by Potemkin Limited

1. PFG received an unsolicited mini-tender offer from Potemkin Limited. 2. Potemkin aims to buy 100,000 shares at $51.70 each.

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FAQ

Why Neutral?

Unsolicited mini-tender offers typically do not affect stock prices significantly. Historical instances show minimal response unless backed by insider interest or firm control.

How important is it?

The relevance of the mini-tender offer has the potential to cause short-term shifts in sentiment but lacks substantial backing to drive significant changes.

Why Short Term?

The immediate investor reaction could happen as the offer is current, but over time, it may be overshadowed by other market factors.

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PFGVFIAXWFC
DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) announced today that it has received notice of an unsolicited mini-tender offer by Potemkin Limited (“Potemkin”) to purchase up to 100,000 shares of Principal Financial Group, Inc. common stock from Principal® shareholders. The offer is for approximately 0.0004 percent of Principal's shares of common stock outstanding as of the July 1, 2025, offer date. Potemkin's offer price of $51.70 per share is approximately 34.91 p.

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