KLA urges holders to reject $285 mini-tender offer from Tutanota LLC

On August 5, 2026 KLA recommended that stockholders reject an unsolicited mini-tender offer from Tutanota LLC for up to 500,000 shares at $285.00 in cash. The offer was set to expire at 5:00 p.m. New York time on August 12, 2026 unless extended. KLA said the offer was below market, because payment depended on KLA's stock closing above $285, and it did not endorse the offer.

• Bidder: Tutanota LLC; offer of $285.00 per share in cash
• Offer size: up to 500,000 shares
• Expiration: 5:00 p.m. New York time, August 12, 2026, unless extended
• KLA says the offer carries limited investor protections