Starbucks warns shareholders against Tutanota mini-tender offer at $88/share

STARBUCKS CORP

Tutanota offers to buy up to 500,000 SBUX shares (0.04% outstanding) at $88.00, conditioned on closing price above $88.00.
Starbucks does not endorse offer; recommends rejecting due to below-market risk and financing contingencies.
Shareholders who tendered can withdraw any time before May 12, 2025 5:00 PM ET; Tutanota has made similar offers before.
Mini-tender offers avoid SEC protections for >5% offers; SEC has warned investors about such tactics.

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