Zalando places public tender offer for About You

ABOUT YOU Holding SE

20/01/2025 13:03

Jan 20 (Reuters) - Zalando  ZALG.DE  said on Monday it
launched the public tender offer for rival About You  YOUG.DE ,
following the approval of the German Federal Financial
Supervisory Authority BaFin.
    The acceptance period starts today and is expected to end on
Feb. 17, it added, saying that the takeover offer is not subject
to a minimum acceptance threshold.
    The deal was announced in December, with Zalando saying it
was offering 6.50 euros ($6.71) per share in cash.

($1 = 0.9692 euros)

 (Reporting by Isabel Demetz, Editing by Miranda Murray)
 ((Isabel.Demetz@thomsonreuters.com;))