04:33 PM EDT, 09/02/2025 (MT Newswires) -- Procter & Gamble Company ( PG ) said late Tuesday it urges shareholders to reject a mini-tender offer by Tutanota to buy up to 500,000 common shares at $128 apiece, which is lower than the current share price.

Tutanota expects to extend the offer for successive periods of 45 to 180 days until the share market price exceeds the offer price, according to a statement.

The company said that shareholders who tender their shares in the offer, scheduled for expiry on Sept. 22, will receive a below-market price, unless the condition from Tutanota is waived.