American Express recommends shareholders reject Baker Mills 'mini-tender' offer
American Express Company announced that it has received notification of an unsolicited "mini-tender" offer by Baker Mills to purchase up to 45,000 shares, or approximately 0.005%, of the outstanding common stock of the company as of July 18, 2018, at a price of $82.00 per share. Baker Mills' offer price is 20.41% less than the $103.03 closing price per share of the company's common stock on August 17, 2018, the last trading day before the mini-tender offer commenced. American Express does not endorse Baker Mills' mini-tender offer and recommends that the company's shareholders do not tender their shares in response to the offer because the offer is at a price significantly below the current market price for the company's shares and subject to several conditions. The company also recommends that any shareholders who have tendered shares to Baker Mills withdraw those shares by providing the notice described in the offering documentation before the expiration of the offer, which is currently scheduled for 5:00 p.m. New York City time on September 18, 2018. American Express is not associated in any way with Baker Mills, its mini-tender offer or the mini-tender offer documentation. American Express urges its shareholders to obtain current market quotations for their shares, review the conditions to Baker Mills' mini-tender offer, consult with their brokers or financial advisors and exercise caution with respect to Baker Mills' mini-tender offer.