After the announcement in December, the retail giant Zalando is now launching the takeover offer for the shares of About You Holding SE. After receiving approval from the Federal Financial Supervisory Authority (BaFin), the company published its voluntary public takeover offer for the shares of About You. As of today, About You has the opportunity to accept the offer and submit its shares for a cash compensation of 6.50 euros per share. According to Zalando, this corresponds to a premium of 12% on the average price target on the volume-weighted 3-month average price of About You. Through agreements with the main shareholders Otto Group, the Otto family, Heartland and the three founders and board members of About You, as well as further acquisitions, Zalando has already secured almost 80% of About You’s share capital for the transaction. The acceptance period runs from January 20th to February 17th, 2025.
Zalando launches takeover offer for About You
