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Zooplus, title exceeds new price of Hellman & Friedman takeover bid

Zachary Pearce by Zachary Pearce
September 13, 2021
in Economy
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Zooplus, title exceeds new price of Hellman & Friedman takeover bid
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(Teleborsa) – Shines Zooplus, which changed hands with an increase of 7.92%, reaching 469. The title of the European giant in the online sale of pet items has exceeded the new price of the takeover bid (takeover bid) of the US private equity firm Hellman & Friedman.

Yesterday, Hellman & Friedman announced, following talks with zooplus, of increase the consideration for the takeover bid by 70 euros, thus bringing it to 460 euros in cash for each share of the German company. The Management Board and the Supervisory Board of zooplus have welcomed the increase in the consideration and continue to support the purchase offer and recommend acceptance. The new consideration implies a assessment diluted share capital of approximately € 3.29 billion.

The technical implications assumed support the hypothesis of a continuation of the day in a positive sense with resistence seen at an altitude of 473.5 and later at 484.7. Support at 462.3.

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Tags: bidexceedsfinanceFriedmanHellmanPricetakeovertitleZooplus
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