UnitedHealth (UNH) said Monday it is asking shareholders to reject an unsolicited "mini-tender" offer by Tutanota to buy up to 175,000 shares of UnitedHealth's common stock, representing "significantly less" than 1% of the company's common stock.
UnitedHealth said the offer is at a price below a conditional market price for UnitedHealth's shares and is also subject to "numerous additional conditions."