Complete News World

Bidding contest: zooplus stocks are steadier: Hellman & Friedman and EQT compete together for zooplus | newsletter

The two companies have announced a partnership to finance an offer to acquire all outstanding shares of zooplus AG “for incremental and final cash” of €480 per zooplus share. Hellman & Friedman (H&F) recently increased its private offering to €470 per zooplus share, or about €3.6 billion in total.

“With this move, we have found a solution to resolve the current impasse in the acquisition process and enable investment in zooplus,” said Stefan Goetz, partner of Hellmann & Friedman, according to Monday’s announcement. The new offering provides “maximum transaction security” for the benefit of all zooplus stakeholders.

Both the board of directors and the supervisory board of zooplus welcomed the increased supply and want to support it, he says. “With this offer from H&F backed by our partner EQT, our shareholders now have the clarity and opportunity to make an informed decision and achieve a significant premium of 85 percent,” said Cornelius Butt, CEO of zooplus, according to the announcement.

zooplus stock can currently rise 0.63% to €478.40 in XETRA trading.

Frankfurt (Dow Jones)

More news on the topic of zooplus AG

Image sources: Postmodern Studio /

See also  The family now gets solar energy from the balcony