Tender Offer - STARBUCKS CORP

Form Type: 8-K

Filing Date: 2025-04-23

Corporate Action: Tender-offer

Type: Update

Accession Number: 000082922425000027

Filing Summary: Starbucks Corporation became aware of an unsolicited mini-tender offer from Tutanota LLC to purchase up to 500,000 shares of its common stock at an offer price of $88.00 per share. The offer is conditional on the Corporation's stock price exceeding $88.00 per share on the last trading day before the offer expires. This number of shares represents about 0.04% of Starbucks' total outstanding common stock. On April 23, 2025, Starbucks issued a press release to its shareholders stating that it does not endorse Tutanota’s unsolicited mini-tender offer and advises shareholders against tendering their shares. It also mentioned that shareholders who have already tendered can withdraw their shares at any time before the offer's expiration, which is set for May 12, 2025, at 5:00 P.M. New York City Time, unless Tutanota extends or terminates it. Starbucks clarified that it has no association with Tutanota or the offer documentation.