#United States #Arlington #RTX #mini-tender offer #Tutanota LLC

RTX Strongly Advises Shareholders Against Tutanota LLC's Mini-Tender Offer

In a recent advisory, RTX (NYSE: RTX) has earnestly recommended that its shareholders reject the unsolicited mini-tender offer from Tutanota LLC. This offer proposes to buy up to 500,000 shares of RTX stock at a price of $130 each, which is alarmingly low compared to the recent closing prices of the stock. Notably, the offer is approximately 24.02% below the closing price on December 5, 2025, and roughly 31.72% under the closing price on January 6, 2026.

This alarming discrepancy raises significant concerns regarding the fairness and transparency of such mini-tender offers. The price offered by Tutanota LLC fails to reflect the true market value of RTX shares, putting investors at potential risk of loss. RTX emphasizes that this offer is conditional and implies that unless Tutanota waives this condition, any shareholder venturing to tender their shares would be agreeing to a below-market sale.

What Are Mini-Tender Offers?

Mini-tender offers, by design, seek to acquire less than 5% of a company's outstanding shares. This approach allows them to evade many of the disclosure and procedural standards enforced by the U.S. Securities and Exchange Commission (SEC) which apply to larger tender offers. Thus, they often lack the same consumer protections typically available in more substantial transactions, leading to the SEC's warnings against accepting such offers without due diligence.

RTX has identified Tutanota LLC’s strategy as opportunistic, specifically noting that they have previously conducted similar mini-tender offers for shares of various other companies. Investors are urged to be vigilant, compare any mini-tender offer against current market prices, and consult with financial advisors before making irreversible decisions.

Advice for Shareholders

In light of these developments, RTX reassures its investors that they should carefully refrain from engaging with Tutanota's offer, reinforcing that it is not associated with, nor endorses, Tutanota's initiative. As part of their ongoing commitment to shareholder interests, RTX encourages any shareholders who may have already submitted their shares to withdraw them by utilizing the procedures outlined in the offer documents from Tutanota, prior to the expiration deadline currently set for 5 PM EST on January 12, 2026.

Final Words of Caution

The SEC continues to advise investors to be wary of such unsolicited offers, with particular caution towards prices that lie significantly below market values. RTX is committed to clarifying the implications and conditions surrounding share offers, encouraging shareholders to seek updated quotes and insights into market standings for their assets. Brokers and dealers are also reminded to remain informed on SEC guidelines concerning the handling and dissemination of mini-tender offers.

About RTX

RTX stands tall as the leading aerospace and defense company globally. With a robust workforce of over 185,000 employees worldwide, the company is continuously pushing the boundaries of technology and innovation. Headquartered in Arlington, Virginia, RTX operates through various industry-leading businesses, making strides in aviation, defense systems, and innovative technological solutions that are pivotal for addressing the most pressing global challenges. The recent earnings report indicates strong financial performance, with 2024 sales projected to surpass $80 billion.

In conclusion, shareholders are prudently advised to disregard Tutanota's offer and remain informed about their investments.