Lockheed Martin recommends holders reject mini-tender offer by Peer & Peri
Lockheed Martin has received notice of an unsolicited "mini-tender" offer by Peer & Peri to purchase up to 10,000 shares of Lockheed Martin's common stock. Peer & Peri's offer price of $269.00 per share is approximately 20.41 percent lower than the $337.99 closing price of Lockheed Martin common stock on May 17, the last trading day before the commencement of the offer. Lockheed Martin is not affiliated in any way with Peer & Peri, the offer, or the offer documentation. However, the rules and regulations of the Securities Exchange Act of 1934 require Lockheed Martin to publicize its position with respect to the offer. Lockheed Martin recommends against stockholders tendering shares in response to the offer, as the offer price was significantly below the market price of Lockheed Martin's common stock at the commencement of the offer and is also significantly below the current market price.