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P&G Recommends Stockholders Reject Mini-Tender Offer by Potemkin Limited
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P&G Recommends Stockholders Reject Mini-Tender Offer by Potemkin Limited
Apr 8, 2026 1:47 PM

CINCINNATI--(BUSINESS WIRE)--

The Procter & Gamble Company ( PG ) today announced that it has been notified of an unsolicited “mini-tender” offer by Potemkin Limited (Potemkin) to purchase up to 10,000 shares of the Company’s common stock at a price of $100.00 per share. The $100.00 per share offer price represents an approximately 30% discount to the closing price of $143.16 on March 24, 2026, the last trading day prior to the date of the offer. P&G shareholders who tender their shares in this offer will receive a below-market price.

P&G recommends shareholders do not tender their shares in response to this unsolicited mini-tender offer because the offer is at a price below the current market price of P&G’s shares and is subject to numerous conditions. P&G shareholders who have already tendered their shares may withdraw their shares no more than 14 days after the date of delivery of the shareholder’s acceptance form to the depositary for this offer, in accordance with Potemkin’s offer documentation. The offer is currently scheduled to expire at 5:00 p.m., New York City time, on October 13, 2026, unless it is extended or earlier revoked by Potemkin.

P&G does not endorse Potemkin’s unsolicited mini-tender offer and is not associated in any way with Potemkin, its mini-tender offer, or the offer documentation.

Potemkin has previously made similar mini-tender offers for P&G shares and shares of other companies. Mini-tender offers seek to acquire less than 5 percent of a company’s outstanding shares. As a result, mini-tender offers do not provide investors with the same level of protections as provided for larger tender offers under U.S. securities laws.

The SEC has issued “Tips for Investors” regarding mini-tender offers, noting that some bidders, in making the offers at below-market prices, are “hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price.” The SEC’s advisory may be found on the SEC website at http://www.sec.gov/investor/pubs/minitend.htm.

P&G urges common stockholders to obtain current market quotations for their shares of common stock, to consult their broker or financial advisor, and to exercise caution with respect to Potemkin’s offer.

P&G urges brokers, dealers and other market participants to review the SEC’s recommendations to broker-dealers in these circumstances, which can be found on the SEC website at http://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm.

P&G requests that a copy of this news release be included with all distributions of materials relating to Potemkin Limited’s mini-tender offer.

About Procter & Gamble ( PG )

P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit https://www.pg.com for the latest news and information about P&G and its brands. For other P&G news, visit us at https://www.pg.com/news.

Category: PG-IR

Source: Procter & Gamble ( PG )

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