04:42 PM EDT, 04/01/2024 (MT Newswires) -- AMD (AMD) said late Monday it does not recommend Tutanota's unsolicited "mini-tender" offer to buy up to 150,000 shares of the company at $200 per share.

Investors who have already tendered shares are advised that they may withdraw from the tender offer prior to the expiration of the offer on April 19, the company said.

The offer price is conditioned on, among other things, the closing price of AMD stock exceeding $200 per share on the last trading day before the offer expires, it added.

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