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GE HealthCare Technologies Says Co. Does Not Endorse Potemkin Limited's Unsolicited Mini-Tender Offer And Recommends That Stockholders Do Not Tender Their Shares In Response To Potemkin Limited's Offer

Benzinga·01/06/2026 22:05:11
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GE HealthCare Technologies Inc. (NASDAQ:GEHC) ("GE HealthCare") announced today that it received notice on January 5, 2026, of an unsolicited "mini-tender" offer by Potemkin Limited to purchase up to 100,000 shares (or a greater amount as outlined in the offer documentation) of GE HealthCare common stock at a price of $54.20 per share in cash. Potemkin Limited's offer price of $54.20 per share is approximately 34.77 percent lower than the $83.09 closing per share price of GE HealthCare's common stock on December 8, 2025, the last trading day before the mini-tender offer appears to have commenced.

GE HealthCare does not endorse Potemkin Limited's unsolicited mini-tender offer and recommends that stockholders do not tender their shares in response to Potemkin Limited's offer because the offer is at a price that is significantly below the current market price for GE HealthCare's common stock and subject to numerous conditions.

GE HealthCare is not affiliated or associated in any way with Potemkin Limited, its mini-tender offer or its offer documentation. Potemkin Limited has made similar mini-tender offers for shares of other companies. Mini-tender offers seek to acquire less than five percent of a company's outstanding shares, thereby avoiding many disclosure and procedural requirements of the U.S. Securities and Exchange Commission (the "SEC") that apply to offers of more than five percent of 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.