WASHINGTON, Jan. 8 -- RTX, Arlington, Virginia, has issued a formal recommendation for its shareholders to reject an unsolicited mini-tender offer from Tutanota LLC to purchase up to 500,000 shares of common stock. The aerospace and defense company reports that the offer price of $130.00 per share is significantly lower than current market values.

According to RTX, the proposal sits approximately 31.7 percent below the stock's closing price on the day prior to the announcement. . . .

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