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Starbucks Recommends Shareholders Reject “Mini-Tender” Offer by Tutanota LLC

1. Starbucks received an unsolicited mini-tender offer at $88 per share. 2. Offer conditions depend on SBUX closing above $88 before expiration.

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FAQ

Why Bullish?

The unsolicited mini-tender offer indicates investor confidence in SBUX's valuation and market demand. Historical examples show such offers often compel share prices to rise as investors reassess value.

How important is it?

Given the nature of unsolicited offers, this could attract future bid interest, significantly influencing SBUX’s stock price. The conditions reflect investor expectations and enthusiasm toward the company's performance.

Why Short Term?

The mini-tender offer can create immediate market attention, potentially driving SBUX shares up before the expiration date. Similar offers have led to short-term price movements in the past.

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SEATTLE--(BUSINESS WIRE)--Starbucks Corporation (NASDAQ: SBUX) – Starbucks today announced that it has received notice of an unsolicited “mini-tender” offer made by Tutanota LLC (Tutanota) to Starbucks shareholders to purchase up to 500,000 shares of Starbucks common stock at $88.00 per share. The offer price of $88.00 per share is conditioned on, among other things, the closing price per share of Starbucks common stock exceeding $88.00 per share on the last trading day before the offer expires.

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