Brief: Zalando Bids For About You Holding

ABOUT YOU Holding SE

11/12/2024 06:56

Dec 11 (Reuters) - ABOUT YOU HOLDING SE  YOUG.DE :
    * TAKEOVER OFFER / TARGET COMPANY: ABOUT YOU HOLDING SE;
BIDDER:
ZALANDO SE
    * MANAGEMENT AND SUPERVISORY BOARD SUPPORT TAKEOVER OFFER
    * ZALANDO BIDS FOR ABOUT YOU HOLDING SE
    * OFFER PRICE SET AT EUR 6.50 PER SHARE
    * ON BASIS OF BUSINESS COMBINATION AGREEMENT, MANAGEMENT
BOARD AND
SUPERVISORY BOARD OF ABOUT YOU SUPPORT TAKEOVER OFFER
TOTAL ABOUT YOU SHARES SUBJECT TO THESE AGREEMENTS WITH MAJOR
SHAREHOLDERS AND FOUNDERS AND MEMBERS OF MANAGEMENT BOARD OF
ABOUT YOU CORRESPOND TO APPROXIMATELY 73% OF SHARE CAPITAL OF
ABOUT YOU
    * REACHING OF A MINIMUM ACCEPTANCE THRESHOLD WILL NOT BE A
CLOSING
CONDITION.

Source text:  ID:nEQc8qFS3a 
Further company coverage:  YOUG.DE 

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